Arcus joins Robinhood Wallet’s Stock Token lineup as volume tops $5 billion
Since launching exclusively on Robinhood Chain in July, Arcus said it has processed more than $5 billion in cumulative trading volume across spot and perpetual markets and attracted over 15,000 unique traders.
Arcus, a Robinhood-backed decentralized exchange built by dYdX Labs, has integrated its trading API with Robinhood Wallet, adding the decentralized exchange as a liquidity and execution provider for Stock Token spot trading, the project said Thursday.
The integration allows eligible Robinhood Wallet users in supported jurisdictions to access more than 190 Stock Tokens, with Arcus joining other routing providers available through the wallet.
The partnership expands access to blockchain-based stock trading which can operate outside the fixed hours of traditional equity markets. Stock Tokens provide economic exposure to traditional assets on blockchain-based markets, allowing users to trade around the clock as new information such as earnings reports, economic data and global events affect markets.
Arcus provides liquidity through an RFQ system that allows multiple professional market makers to compete for each swap. Rather than relying on a single liquidity pool, the system is designed to create competition among market makers and provide tighter spreads and deeper liquidity across Stock Tokens.
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Robinhood Wallet users whose swaps are routed through Arcus may earn Arcus Points, while the integration also enables access to Stock Token limit orders through Arcus in the Wallet’s DApp browser. Arcus said it has processed more than $5 billion in cumulative spot and perpetual volume since its July launch on Robinhood Chain, with more than 15,000 unique traders, peak daily trading volume above $500 million and over $28 million in total value locked.
Arcus’ Stock Token lineup has expanded from more than 90 assets at launch to over 190. The platform also offers beta perpetual markets covering equities, crypto, commodities and indices, with more than 100,000 traders on its waitlist.