Robinhood Wallet has integrated Arcus’ API and is now one of several routing providers for spot swaps involving stock tokens, according to The Block. The integration gives eligible users in supported jurisdictions access to Arcus’ liquidity and execution infrastructure through the wallet. With the addition, the number of stock tokens supported in Robinhood Wallet has risen to more than 190.
Arcus was built by the dYdX team and launched on Robinhood Chain in July. It started with support for more than 90 stock tokens and has since expanded that lineup to over 190, while its perpetual futures market remains in testing. The system uses a request-for-quote, or RFQ, model, where professional market makers compete to price each swap instead of relying on a single liquidity pool.
Arcus said Robinhood Wallet users may receive Arcus Points if their swaps are executed through Arcus. The company also said it will offer limit orders through the wallet’s dapp browser. Since launch, Arcus said it has processed more than $5 billion in cumulative trading volume, served more than 15,000 unique traders, and reached more than $28 million in total value locked. Arcus CEO Eddie Zhang said the platform’s early growth supports the view that traders want global, accessible, 24/7 markets.
Robinhood Wallet has integrated Arcus’ API, becoming one of several routing providers for spot swaps of stock tokens, according to The Block.
The integration gives eligible users in supported jurisdictions access to Arcus’ liquidity and execution infrastructure through the wallet. Following the rollout, the number of stock tokens supported by Robinhood Wallet has expanded to more than 190.
Arcus launched on Robinhood Chain in July
Arcus was built by the dYdX team and went live on Robinhood Chain in July. It initially supported more than 90 stock tokens and now lists more than 190. Its perpetual futures market is still in testing.
The platform uses a request-for-quote, or RFQ, model. Professional market makers compete to price each swap, rather than routing trades through a single liquidity pool.
Wallet users may receive Arcus Points
Arcus said Robinhood Wallet users may receive Arcus Points if their swaps are executed through Arcus. It also plans to offer limit orders through the wallet’s dapp browser.
Arcus shared platform metrics
Since launch, Arcus said it has recorded more than $5 billion in cumulative trading volume, more than 15,000 unique traders, and more than $28 million in total value locked.
Arcus CEO Eddie Zhang said the platform’s early growth validated the team’s earlier view that traders want markets that are global, accessible, and open around the clock.
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