Decentralized exchange Arcus, developed by dYdX Labs and supported by Robinhood, has integrated its trading API with Robinhood Wallet. This move establishes Arcus as a liquidity and execution provider for spot trading of Stock Tokens, which offer economic exposure to traditional assets on the blockchain.
The integration provides eligible users in supported regions access to over 190 Stock Tokens. Arcus utilizes an RFQ system where professional market makers compete for swaps, aiming to improve liquidity and spreads. Users can also place limit orders via the DApp browser and earn Arcus Points.
Since its launch on Robinhood Chain in July, Arcus has recorded over $5 billion in cumulative spot and perpetual trading volume. The platform currently reports more than 15,000 unique traders, a peak daily volume exceeding $500 million, and a total value locked of over $28 million.
The available asset list has grown from 90 to more than 190 tokens. Additionally, Arcus is testing beta perpetual markets for equities, commodities, indices, and cryptocurrencies, with a waitlist that has surpassed 100,000 potential users.
