Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

How to differentiate NFTs from memecoins

July 27, 2025

No OpenSea deal—Pudgy Penguins says it’s all about partnerships

July 27, 2025

Remember Akon’s Futuristic Crypto City? Here’s the Brutal Reality After 7 Years

July 27, 2025

Canadian Firm Bolsters Holdings to 166 BTC

July 27, 2025

Users Are Unstaking Their ETH in Unusual Amounts on Ethereum – What Does This Mean and Why Is It Happening? Cathie Wood Weighs In

July 27, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Remember Akon’s Futuristic Crypto City? Here’s the Brutal Reality After 7 Years

    July 27, 2025

    How Wall Street Killed The Old Cycle–Expert

    July 27, 2025

    Bitcoin Takes a Backseat as Investors Rotate Capital to ETH and Altcoins: CryptoQuant

    July 27, 2025

    Windtree Therapeutics Targets New $520 Million Fund To Boost Holdings

    July 27, 2025

    Bitcoin Endures One Of The Most Intense Bear Weeks Of This Bull Cycle – Details

    July 27, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » XRP » dYdX introduces perpetual contracts for XRP and other tokens
XRP

dYdX introduces perpetual contracts for XRP and other tokens

Crypto Observer StaffBy Crypto Observer StaffDecember 1, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

© Reuters.

Cryptocurrency traders have gained new opportunities for leveraged trading as the decentralized exchange (DEX) dYdX has rolled out perpetual contracts for ‘s XRP, alongside markets for other tokens such as UNI, TRX, OP, and ADA. This expansion brings the total number of cryptocurrencies offered on the platform to thirteen, all paired against the U.S. dollar for advanced trading services.

Traders looking to leverage their positions can now do so with up to 10x leverage on XRP trades through the platform’s website. The minimum order size for these trades is set at 10 XRP. In the past day, dYdX has seen a trading volume of $47 million with open interest reaching $3 million, indicating robust activity following the launch.

One of the key features of dYdX is that users maintain custody of their cryptocurrencies while trading. Additionally, they have the potential to earn DYDX tokens as a reward for conducting transactions on the platform. However, it is important to note that these services are not accessible to users in certain regions, including the U.S. and Canada, due to regulatory restrictions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SHIB’s Goal to ‘Finish Everything’ by End of 2024, Binance Freezes Stolen XRP Tokens, Anon Whale Moves $318 Million in Bitcoin to PayPal: Crypto News Digest by U.Today

February 2, 2024

Bitcoin Whales Boost Holdings by $3 Billion, Pro-XRP Lawyer Highlights Key Factor in Ripple’s Win, SHIB Price History Hints at Double-Digit Gains Next Month: Crypto News Digest by U.Today

January 30, 2024

XRP Starts Moving Earlier, Solana (SOL) Already Stronger Than Everyone Else; Does Ethereum (ETH) Need More Fuel?

January 27, 2024

‘Ripple Is Wrong’ Claims SEC In New Filing, Shibarium Announces New Era in SHIB Burns, Arthur Hayes Predicts Crucial BTC Bottom to Watch: Crypto News Digest by U.Today

January 25, 2024
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

How to differentiate NFTs from memecoins

July 27, 2025

No OpenSea deal—Pudgy Penguins says it’s all about partnerships

July 27, 2025

Remember Akon’s Futuristic Crypto City? Here’s the Brutal Reality After 7 Years

July 27, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

How Wall Street Killed The Old Cycle–Expert

July 27, 2025

Bitcoin Takes a Backseat as Investors Rotate Capital to ETH and Altcoins: CryptoQuant

July 27, 2025

Windtree Therapeutics Targets New $520 Million Fund To Boost Holdings

July 27, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.