The Arbitrum (ARB) spot market is now live on Helix! This also marks the first time Arbitrum (ARB) has become available within the Injective and broader Cosmos ecosystem.
You can now trade ARB spot market with market and limit orders on Helix, the premier on-chain derivatives exchange built on Injective. Read more below to find out more about Arbitrum, the benefits of trading ARB on Helix, and a step-by-step guide on how to bridge ARB and trade.
Get started here: https://helixapp.com/spot/arb-usdt
What Is Arbitrum (ARB)?
Arbitrum is an Ethereum Layer 2 scaling solution. Arbitrum’s suite of scaling solutions such as optimistic rollups provides faster speeds at a significantly lower cost, with the same level of security as Ethereum. Arbitrum already has a vibrant ecosystem of dApps, wallets, tools and partners that make it one of the leading scaling solutions for Ethereum.
ARB is the native governance token of Arbitrum. Offchain Labs, the developers behind Arbitrum, announced the shift to a decentralized autonomous organization (DAO) structure – the Arbitrum DAO. ARB holders can vote on proposals that affect the features, protocol upgrades, funds allocation and election of a security council.
Why Trade ARB on Helix?
With a diverse array of upgrades and advanced enhancements, Helix is the only truly decentralized derivatives exchange. Helix provides completely unmatched exchange, advanced order types, a brand new Convert interface, trading histories, and reward tracking to Injective users. Anyone can use Helix as a crypto cross-chain trading gateway with zero gas fees, best-in-class security, and lightning-fast speeds.
Helix is the first platform to support Arbitrum (ARB) trading within the Cosmos ecosystem alongside maker fee rebates and rewards, and new ways to earn with every trade.
ARB-USDT Market Details
- Base asset: ARB
- Quote asset: USDT
- Minimum tick size: $0.0001 USDT
- Minimum quantity step: 0.1
- Trade and earn multiplier: 1X maker pts; 1X taker pts
- Fee: -0.01% maker fee; 0.1% taker fee
- Trading hours: 24/7/365
How to Trade ARB on Helix?
In order to trade the ARB spot market on Helix, you will need to have either ARB or USDT in your Injective Wallet. The first step is to bridge assets from the Arbitrum network to Injective.
Option 1: Bridge ARB from Arbitrum to Injective
- Go to the Injective Bridge and connect your wallet (e.g. MetaMask);
- Select “Arbitrum” as the Source and “Injective” as the Target;
- Connect your wallet (e.g. MetaMask, WalletConnect) and make sure it has an ARB balance;
- Select “ARB” as the token and enter the amount to transfer;
- Click “Transfer” to send ARB tokens, and approve the transaction on your wallet;
- Click “Redeem” to receive the tokens on the target chain - Injective, and approve the transaction;
- Once the transaction is completed, you can check your ARB balance via the Injective Wallet or Account page on Helix.
Option 2: Onboard with Fiat
- You can also onboard onto Helix using popular fiat currencies by selecting from one of the fiat on-ramp providers such as Kado, Transak or Payfura.
- Choose your payment currency (e.g. USD) and enter the amount in fiat you would like to swap;
- Select Injective as the network to receive your payment amount;
- Follow the instructions and continue the steps;
- Once the transaction is completed, you will see the USDT or INJ balance on Injective Wallet or Account page under Helix;
- Swap INJ to USDT by using the Swap feature if needed.
Trade ARB/USDT on Helix
After you successfully bridge over your ARB or USDT assets to Injective, you are ready to trade!
- Go to the ARB/USDT spot market on Helix;
- Choose either ARB or USDT, and enter the amount you want to transfer;
- Now you can buy ARB using USDT, or sell ARB to get USDT;
- On Helix, you can choose the type of order, either Market or Limit order;
- Enter the amount you want to Buy or Sell, submit your order and approve it with your wallet;
- Once the order is approved successfully, you will see a notification “Your order has been placed.”
Upcoming Listings
Moving forward, Helix will continue to expand the markets available for users. All community members can propose to bring new assets to Helix using the governance portal on the Injective Hub. Ultimately, all INJ token holders own Injective so the community has the power to bring new assets to the dApp ecosystem.
Stay updated on all new listings by joining Helix on Twitter and Telegram!
Useful Resources
- How to create your Injective wallet: Link
- Onboard onto Injective instantly with fiat: Link
- Transfer assets to Injective via Injective Bridge: Link
- A quick guide on how to make a trade on Helix: Link
- Trade and Earn on Helix: Link
- Earn trading fee discounts by staking INJ: Link
This article is for informational purposes only and is not financial advice or an endorsement of a particular project or application. Use of Helix is subject to Helix's Terms and Conditions.
About Helix
Helix is the premier decentralized crypto exchange. Helix provides access to unlimited crypto assets and perpetual markets with market leading rebates. Best-in-class security, near zero fees, lightning fast speeds, cross-chain capabilities and a fully on-chain orderbook on Helix provide the optimal gateway to bring crypto trading to the masses. Helix is built on Injective, the interoperable layer one blockchain for building powerful exchange, DeFi, derivatives & Web3 applications.
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About Injective
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native token that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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About Arbitrum
Arbitrum is a Layer 2 scaling solution project for Ethereum that supports Ethereum applications. It utilizes optimistic rollup technology to group batches of transactions to save on gas fees. ARB is its native governance token.