Latest dYdX updates on March 28th

dYdX is a cryptocurrency project that has recently announced several updates. On March 27th, they reduced tick sizes by a factor of 10 for the ALGO, NEAR, and SNX markets, allowing for greater liquidity and improved trading. Furthermore, the dYdX Private Testnet is planned to begin on March 28th, lasting for 2-3 weeks. The chain will use native USDC powered by noble_xyz at launch. They are also hiring for multiple positions and have a $25k referral bonus. Lastly, on March 21st, they shared a tweet about bringing native USDC to Cosmos.

What is dYdX ?

dYdX is a revolutionary trading platform that provides users with access to powerful financial tools, offering a secure and private environment to trade perpetual contracts with no fees. Utilizing a lightning quick Layer 2 solution, users can now trade with near-instant execution and confirmations on the blockchain within hours.

dYdX is backed by leading investors, including Brian Armstrong, Fred Ehrsam, Naval Ravikant, Elad Gil, and Avichal Garg. It is trusted by over 25,000 traders and has received global recognition for its innovative approach to decentralized trading.

dYdX has removed fees related to placing orders for accounts with less than $100,000 of trading volume in the previous thirty days, making it an attractive option for traders of all sizes. In addition, users can access leverage across positions in multiple markets from a single account and enjoy fast withdrawals with no wait required.

The platform is also mobile friendly, with a redesigned interface that allows users to access the platform from any device. Furthermore, StarkWare’s Layer 2 solution provides increased security and privacy via zero-knowledge rollups.

With dYdX, traders can access a wide range of Perpetual Contract markets, including Ethereum, Bitcoin, Cardano, Bitcoin Cash, Dogecoin, Polkadot, Litecoin, Chainlink, Uniswap, Solana, Polygon, Monero, EOS, Aave, Cosmos, Maker, Compound, Avalanche, Synthetix, SushiSwap, Yearn, UMA, Curve, 1inch, Zcash, Algorand, 0x, Enjin, Stellar, Ethereum Classic, Near, THORChain, Celo, Internet Computer, Tron, Tezos, and more.

dYdX is continuously launching new Perpetual Contract markets, making it a great choice for traders looking to diversify their portfolios. The platform is now available on mobile and is coming to Android early next year.

If you are looking for a powerful and secure trading platform with access to powerful financial tools, then look no further than dYdX. With its no-fee trading, deep liquidity, and up to 20x more buying power, dYdX is sure to meet all of your trading needs.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.