Robinhood links with dYdX Labs to launch new DEX Arcus

Robinhood’s partnership with dYdX Labs to rebrand dYdX as Arcus and launch it on Robinhood Chain reinforces a broader push into tokenized assets and perpetual trading. The new DEX is expected to offer perpetuals and fee-free trading of 95 tokenized stocks, with tokenized equities also usable as collateral. The announcement highlights Robinhood’s strategy to compete with crypto-native venues such as Hyperliquid and to expand beyond traditional brokerage into a 24/7 onchain trading stack. While the article is focused on crypto infrastructure, the market significance lies in increased convergence between crypto markets and traditional finance, potentially boosting adoption of tokenized stocks and perpetual products. The news may support sentiment across exchange-related crypto assets and platforms tied to DeFi, but it does not describe direct price action for Bitcoin itself.