Crypto
Arcus Brings Leveraged Trading to Blockchain with pTokens on Robinhood Chain
Arcus, the decentralized trading platform developed by the creators of dYdX, has introduced pTokens on Robinhood Chain. This innovation transforms perpetual futures contracts into liquid ERC-20 tokens, allowing users to trade these tokens like standard spot assets.
The initial product offerings feature pBTC and pBTC3x, providing traders with 1x and 3x long or short positions on Bitcoin. Additionally, pHOOD3x delivers 3x long exposure to Robinhood stock.
Eddie Zhang, CEO of Arcus, explained that the objective is to integrate strategies similar to leveraged ETFs into blockchain technology.