Robinhood Wallet adds Arcus routing for swaps of more than 190 stock tokens

Robinhood Wallet has integrated Arcus' API, giving eligible users in supported jurisdictions access to its liquidity and execution infrastructure for stock token spot swaps. Arcus said on Thursday that it is one of several routing providers Robinhood Wallet can use. Arcus offers more than 190 stock tokens. The team behind dYdX built Arcus, which launched on Robinhood Chain in July with more than 90 stock tokens. Arcus also offers perpetual markets that remain in beta, according to its statement. Arcus uses a request-for-quote system in which professional market makers compete to price each swap instead of relying on a single liquidity pool. Arcus said users whose Robinhood Wallet swaps execute through its system may be eligible for Arcus Points. Arcus will also make limit orders available to Robinhood Wallet users through the wallet's dapp browser. Arcus said it has processed more than $5 billion in cumulative trading volume since going live, with over 15,000 unique traders. Arcus said its total value locked exceeds $28 million. Arcus CEO Eddie Zhang said the early activity supports his view that traders want global, accessible markets that are always open.