CJ - Cryptocurrency Specialist
Despite a recent drop in ARB value, Arbitrum (ARB) has emerged as a standout platform in the world of layer-2 (L2) rollups. Since its token's launch in March, Arbitrum has witnessed a steady increase in on-chain activity, setting itself apart from similar projects that struggled to maintain traction post AirDrop.
Arbitrum's native token, ARB, has shown impressive resilience and rising dominance within the L2 ecosystem, even amidst recent market downturns. The platform's user base skyrocketed to over 600,000 users on the day of the AirDrop, surpassing Optimism and rivalling Ethereum itself in user activity levels.
Transactional activity on Arbitrum has been noteworthy, with the network surpassing Ethereum's transaction volume for a significant portion of April. Additionally, the platform has seen a consistent influx of new users and wallet creation since the AirDrop, showcasing its sustained popularity.
While Arbitrum faced competition from solutions like Polygon after the AirDrop claim period, it has maintained a considerable market share compared to other layer-1 (L1) and L2 solutions. Although the transaction share of users who retained their tokens after the AirDrop dropped to 5%, a similar trend observed in Optimism, the overall user engagement and transactional activity remain strong.
Arbitrum's growth and value extend beyond ARB's market performance, as its persistent user engagement and substantial transactional activity contribute to its overall success. As the platform continues to attract users and demonstrate its potential, Arbitrum solidifies its position as a leading player in the realm of layer 2 blockchain solutions.
To stay updated on the latest developments in the crypto world, including Arbitrum, BC Bitcoin is your trusted source for comprehensive, latest cryptocurrency news and insights. Visit the best cryptocurrency trading platform today to explore their range of services and stay informed about the evolving landscape of digital assets.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards