Arcus Launches Over 95 Stock Tokens and Perpetual Markets on Robinhood Chain

Odaily Planet Daily News: Arcus, a decentralized exchange supported by Robinhood, launched tokenized stocks and perpetual futures on the Robinhood Chain on Tuesday. Arcus is built by the team behind the decentralized trading platform dYdX and is backed by Robinhood Crypto.

Arcus previously launched its spot market when the Robinhood Chain went live on July 1. The platform offers over 95 stock tokens, perpetual markets, and crypto assets through self-custodial trading accounts, using USDG, a stablecoin issued by Paxos, as the primary collateral and settlement asset.

The assets listed on Arcus include stock tokens of major US companies such as NVIDIA, Tesla, Apple, Microsoft, Meta, Google, and Amazon, as well as perpetual markets linked to stocks, ETFs, commodities, indices, and crypto assets.

Arcus stated that its stock tokens are not available in the United States, Canada, the United Kingdom, and other restricted jurisdictions. The platform adopts a self-custodial model, allowing users to retain control over their assets and connect self-custodial wallets such as MetaMask, Ledger, and WalletConnect.