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dYdX Coin is the native cryptocurrency of the DYDX layer 2 protocol. Used in governance, dYdX contributes to the interoperability of protocol parties.
What is dYdX (DYDX)?
DYDX is a governance cryptocurrency that enables the dYdX community to manage its layer 2 protocol. DYDX allows for shared control of the protocol, enabling liquidity providers and dYdX partners to work collectively towards an advanced protocol.
DYDX provides a robust ecosystem within the framework of governance, rewards, and staking, all designed to ensure the future growth and decentralization of dYdX, delivering a seamless experience for users.
dYdX is a leading decentralized exchange developer with a mission to create open, secure, and powerful financial products. dYdX operates smart contracts on Ethereum, which are audited, eliminating the need to trust a centralized exchange during transactions. The exchange combines the security and transparency of a decentralized platform with the speed and usability of a centralized exchange.
To significantly scale trading, dYdX and StarkWare developed a layer 2 protocol for cross-margined Perpetuals, based on the StartEx scalability mechanism and dYdX’s Perpetual smart contracts. Investors can now trade with zero gas fees, lower trading fees, and minimized trade sizes.
Where to Buy DYDX Coin?
DYDX Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. On the Binance platform, dYdX Coin is traded in DYDX/BTC, DYDX/BNB, DYDX/USDT, and DYDX/BUSD pairs.
To purchase DYDX Coin, you first need to register on the Binance exchange. Once the registration is complete, you should transfer cryptocurrency or fiat currency to your Binance wallet. After completing the transfer, you can buy DYDX Coin from any of the four pairs mentioned above. For buying through the DYDX/USDT trading pair, you should first navigate to the interface for this pair. In the limit tab of the DYDX/USDT interface, enter the amount you wish to buy in the specified field. After entering the amount, finalize the purchase with the Buy DYDX order.
