Every coin or token

dYdX is a decentralised exchange, and that is nothing special these days. But now dYdX has done an update that will change the DEX market forever. The update enables customers to exchange every possible coin available on all crypto markets, as long as you find a counter partner, you can sell or buy it. It used to be necessary for the majority of the dYdX users to agree to add a coin or token. But that is off the table now. As of now, anything is possible. A "megavault" takes care of the need for reserves so that every trade can be covered by backing.

Perpetual contracts

And then there are the perpetual contracts. It is possible as of now to buy perpetual future contracts on coins. So these contracts never expire. This will enable anyone to buy a future on a token of their choice that they are sure of, and "bet" on it, without having to be worried the contract will expire. A great solution, and one that will attract a lot of customers to dYdX. It allready has. dYdX native token has surged over 80 % in the last week. This shows how this update is transforming the DEX market. Because other markets will have to do the same thing if they want to compete with them.

It shows that the crypto market still has a lot of creativity in it, and we are far from seeing all the possibilities it has up its sleeve. The rally has just begin, and the options are endless...

Let the games begin!

Sincerely,

Pele23

Posted Using InLeo Alpha