dYdX (DYDX) Crypto Exchange

Instantly exchange dYdX at the best DYDX exchange rate on ChangeNOW. Free of limits, accounts, and worries. Spend your time and energy on what matters — we’ll handle the rest.

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What is DYDX

DYdX is an Ethereum-based decentralized margin trading platform. It was founded in 2017 by Antonio Juliano, a former Coinbase engineer. DYdX aims to create a next-generation exchange whilst providing traders all over the world with enhanced financial products. The platform allows users to lend and borrow assets; margin and spot trade.

DYdX contains two different levels, and each of them is dedicated to a specific type of trading. Level 1 is used for margin trading, while Level 2 is powered by StarkWare and is utilized for instant decentralized perpetual trading. DYDX is the platform’s native token that is mostly used for governance. DYDX holders can propose changes to the Layer-2 protocol, including token listing requests, risk parameter settings, and staking pool payouts. Moreover, DYDX holders can receive a number of rewards including the Retroactive Mining Reward, a trading reward, that encourages traders to use the dYdX Layer-2 protocol, and fee discounts, which are calculated according to the number of tokens in the holders’ wallets.

In June 2022, dYdX announced the development of the dYdX chain, explaining that dYdX V4 will be built as a standalone blockchain on the Cosmos SDK and Tendermint Proof-of-stake consensus protocol.

How to Buy DYDX?

Users can buy DYDX on ChangeNOW for one of 700+ cryptocurrencies or for 50+ fiat currencies:

Pick DYDX as the “You get” currency aboveChoose crypto or fiat to buy DYDX withEnter your DYDX wallet addressSend your deposit to a one-time addressReceive your exchanged coins in ~5 mins!

How to Sell DYDX?

Swap DYDX coins for an asset from our rich crypto selection by following the steps below:

Pick DYDX as “You Send” currency above.Choose the asset you’d like to get for your DYDXEnter the wallet address of the coin you’d like to getSend your deposit to a one-time addressReceive your exchanged coins in ~5 mins!