Robinhood Wallet integrates Arcus RFQ system for stock token swaps
Robinhood Wallet has integrated decentralized exchange Arcus as a liquidity routing provider, allowing eligible users to swap more than 190 tokenized equities via a request-for-quote mechanism.
Robinhood Wallet has added Arcus as a routing provider to execute trades for its Stock Token lineup, according to reports from Unchained and The Block. Arcus is a decentralized exchange created by the team behind dYdX, with Robinhood Crypto serving as a strategic investor. Instead of automated liquidity pools or standard order books, Arcus uses a request-for-quote mechanism where market makers submit binding quotes and the best price executes in a single transaction.[2][3][5]
The integration connects eligible wallet users in supported jurisdictions to more than 190 Stock Tokens, which have been available to trade 24/7 since Robinhood Chain went live on July 1. Issued by Robinhood Assets (Jersey) Limited, the assets are debt securities granting economic exposure to underlying shares and are unavailable in the United States. Arcus also plans to offer limit orders on Stock Tokens inside Robinhood Wallet's decentralized app browser.[1][2][5]
Arcus stated that it has processed over $5 billion in spot and perpetual volume across more than 15,000 traders since its July debut, with a single-day peak topping $500 million. Alongside the wallet rollout, Arcus replaced its manual beta whitelist with an invite-code requirement and launched a points program that offers boosted rewards for Robinhood Wallet swaps routed through its system.[2][4]
Key facts
- Robinhood Wallet integrated Arcus as a routing provider to execute Stock Token swaps across more than 190 tokens.
- Arcus was developed by the team behind dYdX and launched exclusively on Robinhood Chain, with Robinhood Crypto as a strategic investor.
- Arcus uses a request-for-quote system where professional market makers submit binding quotes that settle in a single transaction or not at all.
- Stock Tokens trade 24/7, are issued by Robinhood Assets (Jersey) Limited as debt securities providing economic exposure, and are not available in the U.S.
- Arcus has handled more than $5 billion in spot and perpetual trading volume from over 15,000 users since July.
- Arcus introduced an invite-code system and a points program that may grant boosted points for swaps executed through Robinhood Wallet.
Sources · 4 sources
- CB
Crypto BriefingArticle ·
Robinhood Wallet taps Arcus to route swaps for more than 190 stock tokens The integration enhances trading efficiency and accessibility, potentially reshaping user engagement and market dynamics in tokenized equities. The post Robinhood Wallet taps Arcus to route swaps for more than 190 stock tokens appeared first on Crypto Briefing .
Open source - UN
UnchainedArticle ·
Robinhood Wallet Can Now Route Stock Token Trades Through the Arcus Exchange Swaps of Stock Tokens in Robinhood Wallet can now be filled through Arcus , a decentralized exchange from the team that built dYdX , after the wallet integrated the exchange’s trading API, Arcus said on Thursday. The integration gives eligible users in supported jurisdictions a route to more than 190 of the tokens. Stock Tokens have been available in Robinhood Wallet since Robinhood Chain opened on July 1. They trade at all hours, and Arcus has argued that a token whose fair value is set on another market, on a different schedule, is poorly served by both order books and automated pools. “A resting order placed Friday afternoon can be stale by Sunday night,” it wrote in July. Rely on automated pools alone, it added, and “prices follow a formula rather than information.” Arcus instead runs a request-for-quote system: a trader asks for a price, professional market makers return binding quotes, and the best combination settles in a single transaction or not at all. Robinhood Wallet “can source liquidity from Arcus alongside other routing providers” for the swaps, Arcus said. Robinhood’s July announcement listed Uniswap, Rialto, Lighter, Arcus and 1inch as exchanges through which wallet users would trade the tokens. Robinhood Crypto is a strategic investor in Arcus, which launched exclusively on Robinhood Chain. “Robinhood Chain was purpose-built to advance onchain RWA adoption,” Johann Kerbrat, Robinhood’s senior vice president and general manager of crypto and international, said in Arcus’s announcement. “Platforms like Arcus are key to making that vision a reality by integrating their liquidity and execution infrastructure into Robinhood Wallet.” Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Points for Wallet Swaps Arcus also opened a points program on Thursday, and a Robinhood Wallet swap executed through Arcus “will be eligible for boosted Arcus points,” it said. Arcus’s release words that more cautiously, saying a user “may be eligible for Arcus Points.” Arcus said limit orders on Stock Tokens will be available to wallet users through Arcus in the wallet’s dapp browser. Arcus Moves to Invite-Only Access Since launching in July, Arcus said, it has handled more than $5 billion in volume across spot and perpetual markets from more than 15,000 traders, with a peak day above $500 million, and its Stock Token list has grown from more than 90 to more than 190. Its points post describes those three months as a private beta that required a manual whitelist; from Thursday, new traders need an invite code. In August it added leveraged tokens. Stock Tokens are not available in the U.S. Robinhood describes them as debt securities issued by Robinhood Assets (Jersey) Limited that “provide economic exposure to underlying securities but do not grant investors any legal or beneficial rights” in them. CEO Vlad Tenev said in September that in-kind redemption and voting are coming. Related Listen: Robinhood’s Tokenized AMC Shares Spark a Fight Over What Stock Tokens Really Are The post Robinhood Wallet Can Now Route Stock Token Trades Through the Arcus Exchange appeared first on Unchained .
Open source - LS
Laura Shin@laurashinPost on X ·
Robinhood Wallet has integrated Arcus, a DEX built by the dYdX team, as a route for Stock Token swaps. Market makers compete to quote each trade across more than 190 Stock Tokens. https://t.co/KkjQWcUFp5
Open source - CB
Crypto BriefingArticle ·
Arcus joins Robinhood Wallet’s Stock Token lineup as volume tops $5 billion The integration of Arcus with Robinhood Wallet enhances 24/7 blockchain-based stock trading, potentially disrupting traditional market hours. The post Arcus joins Robinhood Wallet’s Stock Token lineup as volume tops $5 billion appeared first on Crypto Briefing .
Open source - TB
The BlockArticle ·
Robinhood Wallet integrates Arcus RFQ system for stock token swaps Robinhood Wallet adds Arcus as a routing provider for Stock Token swaps, giving eligible users access to more than 190 tokens.
Open source