We’re excited to announce that Kraken is now supporting dYdX (DYDX).
- Deposits and withdrawals can be found beginning now.
- Buying and selling will start at roughly 15:30 UTC on September 14.
Observe: Buying and selling just isn’t out there to residents of the USA, Canada, Australia and Japan.
What’s dYdX? (DYDX)
dYdX is a decentralized Layer 2 buying and selling platform constructed on Ethereum providing a variety of economic merchandise, together with margin buying and selling, derivatives and perpetual contracts. dYdX permits customers to borrow, lend and make predictions on the long run costs of widespread cryptocurrencies.
Moderately than sustaining a central order e book the place patrons and sellers can place orders, dYdX as an alternative makes use of a group of liquidity swimming pools, the place funds might be accessed by merchants looking for to purchase or promote cryptocurrencies.
dYdX’s native cryptocurrency, DYDX, acts because the platform’s governance token and allows members to vote on protocol upgrades to the community.
What time will funding and buying and selling begin?
- Funding: Already out there – you’ll be able to deposit DYDX now!
- Buying and selling: Begins September 14 at roughly 15:30 UTC (Kraken will allow order entry and execution at the moment)
- Updates might be posted on the standing web page close to launch time
Buying and selling pairs for DYDX
Methods to deposit DYDX
- Navigate to “Funding” > Choose the asset. You could find the asset both by ticking “Present all belongings” or by looking out (e.g for “DYDX”).
- Click on “Deposit” subsequent to the asset and comply with the on-screen directions.
Confirmations required earlier than deposits credit score
Buying and selling minimums
Charges and funding minimums
Which providers might be out there for DYDX?
Not (but) out there
Will Kraken listing extra belongings?
Sure! However our coverage is to not reveal any particulars till shortly earlier than launch – not even which belongings we’re contemplating. All of Kraken’s listed tokens can be found on our web site, and all future tokens might be introduced on Kraken’s weblog and social media profiles. Our shopper engagement specialists can not reply any questions on which belongings we could also be itemizing sooner or later.
Commerce with warning
Restrict orders are beneficial when buying and selling begins because the markets could also be illiquid initially. Be extraordinarily cautious with market orders and orders that set off market orders (e.g. cease loss).
Make investments with warning
Itemizing an asset or token for commerce just isn’t a suggestion to purchase, promote, or take part within the related community. Do your personal analysis and make investments at your personal danger.