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Arcus
For the last three months, getting access to Arcus perpetuals meant waiting to be manually whitelisted. That era is over. Access to Arcus now moves the way everything else on the exchange does: through traders.
Anyone with an invite code can begin trading Arcus perpetuals right away. And the only way to get a code is from someone already trading on Arcus.
Why Invite Codes
The traders already on Arcus know better than anyone who belongs on it. Invite codes put access in their hands: the traders who contribute the most to the exchange earn the ability to bring in the next wave.
It also closes a loop. Trading earns you points and invite codes. Inviting a trader makes them your referral, and their activity earns you referral benefits - including the referral points bonus introduced in Season 1 of Arcus Points.
Every trader you bring in adds to your standing on Arcus: more referral activity, more points, a higher rank.
How to Earn Codes

Invite codes are earned, not handed out. Every $1M in qualifying perpetuals trading volume on Arcus earns you an invite code. Qualifying volume is your own trading volume plus the volume of traders you directly referred.
Example: if you trade $1M and a trader you referred trades $1M, you've earned 2 invite codes.
There is no cap on how many codes you can earn. The more you trade, the more invite codes you earn and the more invites you have for your selection of traders. The volume threshold may adjust over time as access expands - any change will apply going forward, not retroactively.
Have a Code? Here's How to Get In
If a trader has shared a code with you, you're one step from the exchange:
Head to arcus.xyz and connect your wallet.
Enter your invite code when prompted.
Deposit funds and you can begin trading.
Don't have a code yet? Codes circulate where Arcus traders are. Find them, get a code.
Every Invite Is a Referral
Invite codes are an extension of Arcus’ referral program. When a new trader signs up with your code, they're set as your referral.
Their trading activity count toward your referral benefits, including the referral points bonus. The more they trade, the more referral fees and referral points you earn. Their volume also counts toward earning you more invite codes.
One exception: if a trader was already referred by someone else before using your code, the original referrer keeps the referral. Your code still grants them access.
Things to Know
Codes don't expire: Share them whenever you find a trader worth inviting.
Codes can't be transferred, sold, or reassigned: An invite is a signal that you vouch for someone. Arcus does not recognise secondary sales.
A redeemed code is used: Even if the person never trades. Choose who you invite wisely.
Sent a code to the wrong person? If they use it, you'll need to earn a new one. Codes can't be revoked.
Where to Find Your Codes
Head to the Rewards page and open the Referrals tab. Your available invite codes live there, ready to copy and share.
Have your first invite ready? Someone's waiting to get in.
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Arcus is a blockchain-based smart contract protocol that permits self-custodial peer-to-peer trading of Stock Tokens, cryptoassets and perpetual futures. Arcus is not a regulated financial services provider, and it is not available in the U.S., Canada, United Kingdom and other restricted jurisdictions.
Stock Tokens are tokenised securities that provide economic exposure to a relevant underlying equity instrument or ETP through a contractual claim against the Issuer for a cash Redemption. Stock Tokens involve risks not present, or not present to the same extent, in traditional stock ownership, including private-key loss or compromise, limited redemption access, liquidity constraints, price or tracking divergences from the underlying, and uncertain or evolving regulatory treatment.
Trading Stock Tokens, crypto assets or perpetual futures is risky and involves risks of loss, particularly when using leverage. Do your own research.
What is Arcus?
Arcus is a decentralized exchange built in partnership with Robinhood on Robinhood Chain. Users from eligible jurisdictions get one self-custodied account to trade Stock Tokens (spot, zero fees, 24/7), and cross-margined perpetual futures across equities, crypto, commodities, and indices - 24/7, with up to 50x leverage.
When is Arcus Launching?
Arcus is live in Beta. Spot Beta is open now to all eligible users, no waitlist needed. Perps Beta opens July 1, 2026, starting with waitlisted users and rolling out by cohort, ahead of a full launch later in the year. Join the waitlist and we'll let you know when your cohort opens. Arcus isn't available in the United States, United Kingdom, Canada, or other restricted jurisdictions, as set out in the Terms of Use.
What's the connection to dYdX?
Arcus is the next chapter for the team that built dYdX. dYdX Chain continues to operate. Arcus introduces new asset classes - equities, indices, commodities - alongside crypto perps, on a chain purpose-built for the throughput these markets require.
How does the waitlist work?
Only perps are waitlisted; Spot Beta is open to all eligible users. To join the waitlist, visit waitlist.arcus.xyz, and connect your wallet and X account. Your position comes down to two things: your prior on-chain trading history (perps volume across venues like dYdX, Hyperliquid, and Lighter, with real-world-asset (RWA) volume as a bonus), and referrals of other validated traders. You can connect multiple wallets to aggregate your history and move up faster. The earlier you join, the earlier you trade.
Where can I learn more?
Read the Arcus blog, follow @arcus_xyz on X, and join our Telegram for live updates.
