Bitcoin
What Are pTokens? Arcus Launches Tokenized Perp Positions on Robinhood Chain
CoinCentral·August 26, 2026·1 min read
Arcus, built by the dYdX team, launched pTokens on Robinhood Chain, converting perpetual futures positions into transferable ERC-20 tokens. Products include pBTC3x and pHOOD3x, offering 3x leveraged exposure to Bitcoin and Robinhood stock. Tokenized stocks can be used as collateral for leveraged trades without selling holdings. Arcus has recorded over $2 billion in volume.
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