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dYdX created dYdX Trading

October 14, 2021

This week’s big news is the derivatives exchange dYdX, created by a company called dYdX Trading. dYdX is a decentralized derivatives exchange that allows users to place short and long bets on the prices of various cryptocurrencies against other traders without any intermediaries. The exchange is built on an Ethereum Layer 2 platform called StarkEx, allowing the transactions to be executed faster and more cheaply.

-Harsharn Singh, Investment Associate @ Ember Fund

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