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Robinhood Wallet Can Now Route Stock Token Trades Through the Arcus Exchange
Arcus, which counts Robinhood Crypto as an investor, has market makers compete to quote each trade in more than 190 Stock Tokens.
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Key points
- Robinhood Wallet integrated Arcus's trading API, letting eligible users in supported jurisdictions swap over 190 Stock Tokens via the dYdX team's decentralized exchange, Arcus said.
- Arcus uses a request-for-quote model where market makers return binding quotes, and said it has handled over $5 billion in volume from 15,000+ traders.
- Arcus launched a points program and moved to invite-only access; Stock Tokens are not available in the U.S. and are issued as debt securities.
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