Ethereum

2024

Bitcoin

USDC

<h4><strong>With this integration, Binance now accepts DYDX deposits directly onto its mainnet.</strong></h4> 
<p>dYdX is a decentralized exchange built on <a href="https://www.altcoinbuzz.io/?s=ethereum" target="_blank" rel="noopener">Ethereum</a> that focuses on derivatives and margin trading.</p> 
<h5><strong>Binance Opens DYDX Deposits on Mainnet</strong></h5> 
<p>The platform has gained considerable attention due to its permissionless lending and advanced financial tools. These features offer traders enhanced opportunities for leveraged trading in a decentralized setup. The integration of its mainnet on Binance enhances user experience by providing more efficient transaction processing. This could lead to potentially lower fees compared to trading on secondary layers or wrapped versions of the token.</p> 
<p>The announcement from Binance indicated that deposits for DYDX are now open and operational. This enables users to transfer their holdings to Binance in anticipation of active trading. The platform stated that withdrawals for DYDX mainnet tokens will be enabled once deposit volumes are sufficient.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> has completed the integration of <a href="https://twitter.com/dYdX?ref_src=twsrc%5Etfw">@dYdX</a> <a href="https://twitter.com/search?q=%24DYDX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DYDX</a> Mainnet, with deposits now open.</p> 
 <p>More details here <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2935.png" alt="⤵" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/CFIfNVKiN7">https://t.co/CFIfNVKiN7</a></p> 
 <p>— Binance (@binance) <a href="https://twitter.com/binance/status/1787777375423369351?ref_src=twsrc%5Etfw">May 7, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Importantly, Binance has stated that it will not issue further announcements regarding the opening of withdrawals. Instead, users are encouraged to stay alert and monitor their accounts for updates on the availability of this feature.</p> 
<h5><strong>More About dYdX</strong></h5> 
<p><a href="https://www.altcoinbuzz.io/?s=dydx" target="_blank" rel="noopener">dYdX Chain</a> has had yet another impressive week, recording over $7.5 billion in weekly trading volume. This robust activity is supported by an active community of approximately 2,100 daily traders who contribute to the dynamic and lively market on the platform. Additionally, the week saw a significant distribution of rewards, with $1.24 million in USDC distributed to stakers.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">dYdX Chain had another big week:<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> $7.5B+ weekly trading volume<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"> 2,100 daily active traders<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f64b-1f3fd.png" alt="🙋🏽" class="wp-smiley" style="height: 1em; max-height: 1em;"> $1.24M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> distributed to Stakers</p> 
 <p>Learn more <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/iEYb9GoAPk">https://t.co/iEYb9GoAPk</a> <a href="https://t.co/5U0Z4N4Aj7">pic.twitter.com/5U0Z4N4Aj7</a></p> 
 <p>— dYdX (@dYdX) <a href="https://twitter.com/dYdX/status/1787754201444913584?ref_src=twsrc%5Etfw">May 7, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>This strong performance highlights dYdX Chain’s growing influence and success in the decentralized finance landscape, demonstrating its appeal to both traders and investors looking for rewarding opportunities in the crypto space.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/binance-integrates-dydx-mainnet-opens-deposits/">Binance Integrates dYdX Mainnet, Opens Deposits</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Binance Integrates dYdX Mainnet, Opens Deposits

Altcoin Buzz

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