Binance integrates Ethereum layer-2 protocol “Arbitrum” as scaling race heats up

Binance, in its latest effort to maintain its lead as the largest crypto exchange by trading volume, became one of the first centralized exchanges to integrate a layer-2 support for its Ethereum deposits by integrating the recently launched Arbitrum One core network. This was revealed in a press statement issued by the exchange earlier today.
Binance integrates Arbitrum
The CZ-led exchange revealed that it completed the integration of the Arbitrum One mainnet into its system and that its users can now deposit Ethereum using the new mechanism while also revealing that withdrawals would be made available in the nearest future via the same mechanism.
With this integration, it means users of Arbitrum have an additional solution to how to move their funds into layer-2, unlike in previous times when they have to send their tokens from Ethereum’s L1 through Arbitum Bridge or make transfers through other chains such as Celer Bridge or Synapse and others.
Arbitrum is a layer-2 optimi

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