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Arcus
Arcus has been in private beta for three months. The traders who showed up early helped shape what it is today.
Today, that contribution gets a name. Arcus Points are live. Season 0 has been distributed to private beta testers, and Season 1 begins now.
Built by the First Traders In
On July 1, Arcus shipped into private beta, iterating with traders over 3 months of rapid improvements. During the private beta phase, Arcus achieved:
$5B+ in volume across spot and perpetual markets
15,000+ unique traders
$500M+ in peak daily trading volume
$25M+ in total value locked
Those numbers came from the traders who moved their activities to Arcus, shared feedback, and backed an exchange that was still in private beta. Thank you.
Season 0 Distributed
In recognition, Arcus has distributed a special allocation of Season 0 points, covering contributions from July 1 to September 30.
You do not need to take any action to receive these points. Simply connect your wallet on the Points Dashboard to see your Season 0 leaderboard ranking.
While Season 1 points are revealed weekly, Season 0 points will be revealed towards the end of the points program.

Season 1 Starts Now
Season 1 rewards the activities that make Arcus better for everyone trading on it. Points are distributed weekly on Wednesdays at 3PM EST, with allocations ramping up over the course of the season.
Ways to Earn Points
Trade: move your trading to Arcus. Points allocations are driven by a variety of factors, (subject to adjustment over time), and weigh how you trade, not merely volume.
Make markets: improve trader UX on Arcus by quoting tight, deep, and consistently.
Retained deposits: hold your collateral on Arcus.
Refer other traders: earn bonus points based on the activities of traders you bring in.
Where Activity Counts More
Arcus will adjust boosts over time to favor activities that best benefit the exchange and trader UX. Boost categories live today include:
Real World Assets: trading Stock Tokens and other RWAs currently earns more.
Outside regular trading hours: trading outside regular US market hours also currently earns more.
Boost categories are subject to change.
Robinhood Wallet Boost (Spot)
Arcus is the latest integration in Robinhood Wallet to support access to Stock Token spot trading, bringing Stock Tokens to more users across Robinhood Wallet's growing ecosystem.
If your Robinhood Wallet swap is executed through Arcus, it will be eligible for boosted Arcus points. The boost applies within spot points - it doesn't change how points are weighted between spot and perps.
Adjustments and Penalties
The goal is to allocate points based on how valuable each trader’s activities are to Arcus and its community.
Less valuable activities such as wash trading, self-matching, deliberate clustering, rapid churning (repeatedly depositing, trading, and withdrawing), and other detected gaming behaviors will result in diminished or no points allocation.
Arcus additionally reserves the right to slash points for accounts determined, at its sole discretion, to be or have been behaving fraudulently or violating the Protocol Terms.
Reduced and slashed points will be reallocated to other points recipients.
From Whitelist to Invite Only
During private beta, getting into Arcus meant manually getting whitelisted. That ends today.
Arcus is moving to invite-only access: anyone with an invite code can sign up and begin trading right away - no more waiting for a manual whitelist.

How Invite Codes Work:
If you already have access, nothing changes: existing traders keep their access and don't need a code.
Invite codes are earned: every $1M in perpetuals trading volume on Arcus earns you an invite code, this includes volume you refer. The threshold may adjust over time as access expands.
Your codes live in the app: head to the Rewards page and open the Rewards tab to see and share your invite codes.
Invites double as referrals: When a new trader signs up with your code, they're set as your referral. Their activities count toward your referral benefits, including the referral points bonus.
Codes don't expire: You can share them whenever you find a trader worth inviting.
Learn more about the new Invite Code system here.
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*Arcus Points are a participation metric only, with allocation at the sole discretion of Arcus. For more information about the Points Program Terms, please refer to Annex C of the Protocol Terms at https://arcus.xyz/legal/protocol-terms.*
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.
