What is dYdX exchange?

dYdX (DYDX) is a decentralized exchange platform for cryptocurrency margin trading for assets like BTC, ETH, SOL, DOT, and more . The bulk of dYdX crypto margin trading products reside atop the Ethereum blockchain. However, the exchange recently rolled out on Layer 2 for instantly settled, inexpensive trades.31 Ara 2021

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Can I trade on dYdX?

Since dYdX is a decentralized exchange, users are not required to complete Know Your Customer (KYC) procedures like they are with most centralized exchanges. All you need is a funded crypto wallet and you can start trading in a matter of minutes . dYdX uses the same order book system found on centralized exchanges.

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