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<h2 id="header-0">dYdX, a prominent decentralized exchange that currently offers perpetual trading, has introduced a new way to trade perpetual called Swap Mode.</h2><p>After the fallout of FTX, trust in centralized exchanges started fading which as a result increased the popularity of decentralized exchanges. As a result, DEXs are launching several new ways to attract more and more users to use its services.</p><p>So, let’s understand: What is Swap Mode, and what benefits it will provide to dYdX users?</p><h4><strong>Swap Mode &amp; Its Use Cases</strong></h4><p>Swap enables seamless crypto-to-crypto exchange with no intermediaries involved. Users are not required to use the traditional method of converting native currencies to fiat and then purchasing the desired cryptocurrency. Converting tokens to fiat currencies takes time and places heavy expectations on users.</p><p>Taking these concerns into account, exchanges, wallets, and other blockchain-based trading platforms began to offer the swap facility. Any native token can be exchanged for a non-native token directly from the official <a href="https://www.coingabbar.com/en/crypto-blogs-english/what-is-metamask-and-how-to-use-it" rel="noopener noreferrer nofollow">crypto wallet</a> using a swap-enabled trading platform. The swap needs users to provide the entire amount to be exchanged and the selected trading pair, and this information is sufficient to make swaps and exchange tokens from a different blockchain.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/e7b584f513ee4c61adf6ec0c6a8df727.png" /></p><h4><strong>Conclusion</strong></h4><p>In a nutshell, swapping services enable dYdX users to exchange tokens or <a href="https://www.coingabbar.com/en/cryptocurrency" rel="noopener noreferrer nofollow">digital assets</a> in a simple, fast, affordable, and secure manner.</p><p>dYdX cryptocurrency exchange executed around 100k trades in the last 24 hours, with a trading volume of more than $500 million. The move will most certainly increase the usage of the dYdX platform and thus the acceptance of decentralized exchanges.</p><p>What are your thoughts on the growing popularity of decentralized exchanges? Share your views in the comment section below.</p><p><strong>Read also: <a href="https://www.coingabbar.com/en/crypto-currency-news/robert-kiyosaki-im-still-bullish-bitcoin" rel="noopener noreferrer nofollow">Robert Kiyosaki: I&#39;m still Bullish on Bitcoin</a></strong></p>

Crypto Exchange dYdX launched Swap Mode | CoinGabbar News

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