dYdX
Decentralised perpetuals exchange built on its own Cosmos app-chain
About dYdX
dYdX is a decentralised derivatives exchange with an order book on a Cosmos-based app-chain. It supports perpetual futures with API access and self-custody, though geographic restrictions apply to the front-end.
Pros
- Self-custody
- Open-source protocol
- API access
Cons
- Smaller liquidity than top centralised exchanges
- Front-end restricted in some countries
- Leverage risk
Tags
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