Coinbase CEO Backs Crypto Derivatives Exchange DydX
DYdX, an in-development decentralized exchange for cryptocurrency derivatives, has raised an undisclosed amount in a seed funding round.
dYdX
Volatility amid the COVID-19 pandemic has proven attractive to traders.
So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended.
Andreessen Horowitz-backed dYdX released its Bitcoin Perpetual Contract out of private alpha on Wednesday, bringing a key BTC derivatives product to DeFi.
Is It Exploitation Season for DeFi?
Feb 18, 2020
Are two recent attacks taking advantage of "flash loans," low liquidity and price oracle issues the first of more to come?
Coinbase is launching a new effort to grow the DeFi ecosystem, starting with USDC investments in Compound and dYdX.
dYdX
