The dYdX-backed exchange opens 24/7 zero-fee stock trading and perpetual futures with up to 50x leverage. Users in 120 countries can trade tokenized shares via self-custody.
Alpha Score of 40 reflects weak overall profile with weak momentum, poor value, weak quality, strong sentiment.
Arcus, a decentralized exchange backed by dYdX Labs, launched on July 1 with tokenized stock trading and perpetual futures in closed beta. The platform runs on Robinhood Chain, a Layer-2 network, and offers 24/7 zero-fee trading on more than 95 stock tokens to users in over 120 countries, the exchange said.
The self-custodial interface lets users hold their own wallets and trade tokenized versions of equities like TSLA/USDG at any hour. No brokerage holds the assets. Arcus said the model is built for traders who want equities to work on crypto's schedule, not banker's hours.
Spot trading is the opening act. Arcus has perpetual futures in closed beta, with plans to cover equities, cryptocurrencies, commodities, and indices. The futures product will offer up to 50x leverage. Users will be able to pledge their tokenized stocks as collateral for futures positions, a feature that allows someone holding tokenized Apple shares, for example, to open a leveraged Bitcoin position without selling the Apple position. Fee structures for the futures product have not been announced.
A native token, $ARCUS, is confirmed for future distribution, with potential allocations for early users and the dYdX community, according to the exchange.
The zero-fee structure across 95-plus stock tokens is a direct challenge to traditional brokerages. The 120-country reach matters because most US-based brokerages limit access to domestic customers or a small international set. Arcus sidesteps those restrictions by operating as a decentralized protocol rather than a licensed brokerage.
For crypto-native traders, the ability to shift into equities without leaving the DeFi ecosystem removes a significant friction point. Moving between stocks and crypto previously required multiple accounts, platforms, and days of settlement. Arcus collapses that into a single interface with near-instant settlement.
The perpetual futures product is in closed beta. A public launch date has not been set.
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