dydx Token

DYDX Review: DYDX Exchange to Destroy Binance?

DYDX Review: DYDX Exchange to Destroy Binance? What I like about DYDX exchange is that anybody without previous knowledge of short trading can begin trading right away.

There are some platforms like Uniswap, PancakeSwap, SushiSwap, and others that offer a basic token exchange. A more advanced type of decentralized exchanges like 1Inch exchange, outside of the regular swapping feature, also offer simple functionality related to limit order placement. In one of my previous videos, I reviewed 1Inch exchange and I mentioned that 1Inch was taking right steps toward developing proper trading features in the decentralized space.

A couple of days ago, when I spotted DYDX exchange and actually started testing the platform, I realized that the service offers almost a complete set of features needed for basic trading. It might miss some advanced tools. However, most of the features needed for retail trading are there. Plus, DYDX offers complete decentralization, anonymity to those traders who want to operate below the radar.

Links:

Binance Futures: https://youtu.be/NhKsHjG1Mag
1Inch: https://youtu.be/XkYwpe0U8r8

Follow me on SM:

Bitclout: https://bitclout.com/u/IvanKv
Twitter: https://twitter.com/IvanKvMe

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48 Comments

  1. I personally think it’s safer to trade on dydx no matter what may happen can’t be hacked

  2. I appreciate all the hard work, Ivan. Thanks for running all the research.

  3. a16z invested in this project too. It looks like VCs are picking the best projects to invest in.

  4. I can’t believe it works in the US. I am sure that the feds will shut this one down soon.

  5. It seems like a great new exchange. I just don’t understand what so special about it.

  6. Visa, the multinational payments giant has announced its plan to bring cryptocurrency services to traditional banking platforms in Brazil.

  7. As we aim to bridge the gap between #DeFi assets and investors, iBG Finance is launching Robo Advisory this October!

  8. 50% of tokens controlled by whales means it will be another XRP scenario when these asshoooles began dumpin coins

  9. If I long the position for Eth, then I need to pay the interest per 8 hours or 1 month(expiry date of the order) in dydx?