Robinhood links with dYdX Labs to launch new DEX Arcus
dYdX Labs has partnered with Robinhood to rebrand and launch a new protocol called Arcus on Robinhood Chain, Robinhood’s Arbitrum-based layer 2. The dYdX Foundation said this is a separate product that does not affect the existing dYdX blockchain, which will continue operating under community ownership. Arcus aims to become a major DEX offering perpetual trading and fee-free access to 95 tokenized stocks, with tokenized stocks also usable as collateral for perps and access to pre-IPO markets. Robinhood Crypto reportedly invested in Arcus. The launch fits Robinhood’s broader push into tokenized assets and perpetuals as it competes with platforms like Hyperliquid and follows similar moves by Coinbase, Bitget Wallet, and 1inch to expand trading and blockchain support.
