Dydx
dYdX Founder Foresees 100x Growth in DeFi Derivatives
Antonio Juliano, founder of dYdX, predicts DeFi derivatives will grow 100x in the next few years, accounting for 2% of crypto derivative volume. This optimistic projection highlights the potential for investors and traders.
dYdX Founder Addresses Community Concerns Regarding Token Inflation
Decentralized exchange dYdX founder Antonio has clarified that there are no plans for additional token inflation to compensate validators on the dYdX Chain. The current token distribution model, which has reduced inflation by over 60%, will continue to be implemented. This comes amid growing discussions about the sustainability of dYdX's token model, with some users criticizing the token's distribution and others expressing concerns about the lack of a fee-sharing mechanism in the upcoming version of the platform.
dYdX Semi-Annual Report: $1.5 Trillion Trading Volume with 12 Million Users
dYdX has experienced a $1.5 trillion trading volume in six months, with 2 million new users and 80% of trades on Layer 2. The platform has implemented 20 governance proposals and distributed $500 million in staking rewards. Founded in 2017, dYdX focuses on derivatives and margin trading.
dYdX Founder: Focus on Overseas Markets Over US for Crypto
Crypto industry founder Antonio Juliano suggests targeting overseas markets due to US regulatory challenges, aiming for a 100x increase in the sector. Coinbase CEO Brian Armstrong predicts US adoption will improve by next year.
dYdX to Exit Canadian Market
Cryptocurrency derivatives exchange dYdX is set to exit the Canadian market due to regulatory restrictions. The exchange will stop onboarding new Canadian users and move existing users to "close-only mode" over the next seven days, allowing them to only withdraw funds. dYdX is hoping for a change in the regulatory climate to resume services in the country.
dYdX to Exit Canadian Market Amid Regulatory Restrictions
Cryptocurrency derivatives exchange, dYdX, is withdrawing its services from Canada due to increased regulatory restrictions. The exchange will halt new user onboarding on April 7 and move existing users to "close-only mode" on April 14.
dYdX Taps ConsenSys' Charles d'Haussy as CEO of its Foundation
Decentralized Exchanges (DEX) dydx has announced the appointment of Charles d’Haussy, a crypto leader from ConsenSys to serve as the Chief Executive of its Foundation.
Investors Flock to the DEX dYdx with its Token with Rising by 50% after the Clampdown from China
Since last Friday, the People's Bank of China began to crack down on cryptocurrency trading, a large number of Chinese traders seem to have turned their trading venues to dYdX- a decentralized leveraged trading exchange.