Crypto protocol dYdX has rebranded as Arcus and is joining Robinhood’s new blockchain. The project will support perpetual contracts and tokenized stock trading.
Crypto protocol dYdX has rebranded as Arcus and is joining Robinhood’s new blockchain. The project will support perpetual contracts and tokenized stock trading.
Robinhood is linking up with dYdX Labs for Arcus, a decentralized exchange set to join the company’s new blockchain. The crypto protocol formerly known as dYdX has rebranded under the Arcus name.
Robinhood is linking up with dYdX Labs for Arcus, a decentralized exchange set to join the company’s new blockchain. The crypto protocol formerly known as dYdX has rebranded under the Arcus name.
The development brings perpetual contracts and tokenized stock trading to Robinhood’s blockchain. It also places Arcus within a new network backed by a company known for providing access to both traditional and crypto markets.
Perpetual contracts are crypto derivatives without an expiration date, while tokenized stocks represent equity-related assets on a blockchain. Arcus is intended to offer trading across both categories.
The collaboration connects dYdX Labs’ crypto protocol work with Robinhood’s blockchain initiative. Further operational details and a launch timeline were not included in the supplied announcement.
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