dYdX

Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Popularity 4/5
Leverage ≤25:1
Blockchains Ethereum
Fees 0.05%
Fees [maker] 0.02%
Account currencies USDC
Languages English · Spanish · French · Japanese · Korean · Portuguese · Russian · Turkish · Chinese
Twitter Youtube Linkedin
Rating ★★★★☆

Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Alternatives

1 GMX Review
2 ApolloX Review

Video

Click here to visit dYdX »

Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


 ✚ Review

dYdX is a decentralized exchange (DEX) that allows users to trade a variety of crypto derivatives, including futures, options, and perpetual contracts. dYdX is built on top of the Ethereum blockchain and utilizes smart contracts to facilitate trades.

One of the key features of dYdX is its use of decentralized margin trading, which allows traders to borrow and lend assets directly from one another, rather than relying on a centralized intermediary. This eliminates counterparty risk and reduces the chances of a platform-wide hack or collapse.

Another important aspect of dYdX is its focus on transparent and fair trading. The platform utilizes a transparent order book and a decentralized oracle system, which allows for the accurate and real-time pricing of assets. Additionally, dYdX has implemented a number of measures to prevent front-running and other forms of market manipulation.

The platform also offers a user-friendly interface, which makes it easy for traders of all experience levels to navigate.

In terms of security, dYdX has implemented a number of measures to protect users' funds, including multi-sig wallets and a smart contract-based security system. The platform also regularly undergoes security audits to ensure that it is operating as intended.

Overall, dYdX is an interesting and promising platform for trading crypto derivatives. Its decentralized and transparent approach to trading is a welcome change from traditional centralized exchanges, and its user-friendly interface makes it accessible to traders of all experience levels.


Forum, user reviews and feedbacks

Alternatives

1 GMX Review
2 ApolloX Review

Risk Warning: Investments involve a high level of risk. It is possible to lose all your capital. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation and is not directed at residents of: Australia · Belgium · Canada · Spain · France · Israel · Japan · Latvia · New Zealand · Portugal · Turkey · United States ·