dYdX (DYDX)

dYdX enables open, efficient and secure financial products on cryptoassets. We recently launched our Margin Trading Protocol, and expo, an application that gives users access to Short and Leveraged tokens. This is just the beginning — we’ll use the additional capital to continue to add new assets and features to expo and the Margin Trading Protocol, build new protocols for additional types of financial products including options, work with strategic partners to grow decentralized margin trading and derivatives, design and build a regulation-compliant approach towards building decentralized financial products and continue to hire world-class engineers, designers, and business operators.

dYdX has raised a $10M Series B round led by Three Arrows Capital and DeFiance Capital! We welcome new investors: Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital. This is an important milestone for the dYdX team. Perpetuals trading is an exciting use case for blockchain technology and are thrilled to be building a core component of the decentralized financial ecosystem.

dYdX has raised a $65M Series C round led by Paradigm. This is an important milestone for the dYdX team. The additional capital allows us to maintain a long-term focus and significantly improve liquidity on the dYdX exchange through the volatility of the cryptocurrency markets.