Trade DYDX with Leverage


dYdX (DYDX) is a decentralized exchange (DEX) platform that offers perpetual trading options. Launched in 2017 by ex-Coinbase engineer Antonio Juliano, dYdX allows trading for cryptocurrencies such as BTC, ETH, and SOL. dYdX's decentralized nature ensures user custody, distinguishing it from centralized exchanges. Decentralized features extend to the order book and matching engine, enhancing transparency. Users can place orders, with validator nodes finalizing trades off-chain, significantly reducing on-chain processing and avoiding gas fees for order submissions and cancellations. DYDX token acts as a governance currency and incentivizes engagement through retroactive mining, liquidity pools, and trading rewards. dYdX token holders are also able to participate in making decisions such as adding new exchange pairs.