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Arcus is a decentralized exchange built by the dYdX Labs team in partnership with Robinhood Crypto. It runs on Robinhood Chain and lets users trade more than 95 tokenized stock tokens around the clock with zero fees on spot trades.
Beyond spot, Arcus is rolling out perpetual futures covering equities, crypto, commodities, and indices. The platform is self-custodial, and tokenized stocks can be used as collateral for perps. Arcus launched spot trading in beta on July 1, 2026, with perps still in a closed beta and waitlist phase.
dYdX Foundation CEO Charles d’Haussy has confirmed that Arcus will launch its own token. Allocation percentages, distribution mechanics, and a launch date have not been published.
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Right now, activity centers on two things: trading on the live spot market and climbing the perps waitlist. Waitlist position is weighted by referrals and by prior perps volume on dYdX v3, Hyperliquid, and Lighter, plus RWA volume through HIP-3, Cash, and TradeXYZ.
Go to Arcus Exchange and create an account. You can sign up with Google or connect an existing wallet directly. Using our link also gets you 5% off trading fees.
Deposit USDC, USDT, BTC, or any of the supported crypto into your Arcus account. If you don’t have any of these assets, you can buy them on Binance.
Head to the spot section and trade any of the 95+ tokenized stocks. Spot trades are 0% fee, so this is the lowest-cost way to build activity on the platform.
Perps are in closed beta. Visit waitlist, connect your X account and an EVM wallet, and follow Arcus on X to enter the queue.
Link a dYdX v4 wallet address and join the Arcus Telegram group. Both actions are listed as ways to move up your waitlist position, likely tied to the dYdX community allocation mentioned above.
Share your referral link to bring in other traders. Referrals boost your waitlist rank now, and Arcus has said referrers can earn up to 10% of a referred trader’s fees for life once the referral program is fully active.