Home CryptocurrencyBitcoin Crypto Analysts Warn DYDX Shorting Before Unlocking $200M Token

Crypto Analysts Warn DYDX Shorting Before Unlocking $200M Token

by SuperiorInvest

Activity on decentralized exchanges such as dYdX and GMX, offering perpetual futures, has picked up pace since the collapse of centralized derivatives giant FTX. Trading volume on dYdX increased to $2.9 billion as of January 14 Nomics, after hitting a low of $212 million following the rollout of FTX. Perpetuals are futures contracts, but unlike the latter, they do not have an expiration date. This allows traders, both bulls and bears, to hold their long/short positions for as long as they want.

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