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On 7 April, dYdX [DYDX] announced that the firm would begin the process of limiting access to its platform for users located in Canada. The first step involved suspending the onboarding of new users from the country.
Cryptocurrency derivatives exchange, dYdX, is withdrawing its services from Canada due to increased regulatory restrictions. The exchange will halt new user onboarding on April 7 and move existing users to "close-only mode" on April 14.
As part of its strategy to depart the market, cryptocurrency derivatives exchange dYdX has announced that it will be banning user accounts in Canada over the next week. dYdX announced its intention to “wind down services” in Canada in a blog post published on April 7.
In a big blow to Canadian users, dYdX has announced that its decentralized derivatives exchange would no longer be accessible to users in Canada. According to the platform, trading support for customers will end on the 14th of April, 2023.
Cryptocurrency derivatives exchange dYdX has announced its exit from the Canadian market through a gradual process that restricts users in Canada from accessing their services over the next seven days.
The decentralized derivatives exchange, dYdX, announced on April 7 that it would no longer provide its services in Canada
The DYDX token took a hit after the decentralized exchange dYdX announced that it is winding down its services for Canadian users. The token had dropped to $2.44 before slightly recovering to trade at $2.50 at press time.
“We hope that the regulatory climate in Canada will change over time to allow us to resume services in the country," said the exchange.
The crypto derivatives exchange dYdX has announced that it will no longer offer its services to Canadian users, according to an April 7 blog post. The site said that Canadian users would not be able to join the exchange as of April 7.
Decentralized exchange dYdX has announced that it will wind down user access from Canada, citing regulatory concerns as the primary reason.
Decentralized exchange dYdX has announced that it will stop offering its services to clients based in Canada. The country's regulatory climate has been blamed for this decision.
Ethereum-based decentralized finance (DeFi) protocol dYdX is closing operations in Canada. According to an official announcement, users in this country will be unable to open new accounts starting today, April 7th, at 17:00 UTC.
dYdX announced Friday that its decentralized derivatives exchange would no longer be accessible to Canadian customers.
The dYdX token, currently trading for $2.45 has slid over 5.4% in the last 24 hours.
Decentralized derivatives platforms GMX and dYdX battle for the top DEXspot with each planning significant improvements for this year.
Leading projects are set to unlock millions of tokens this month. Previous token unlocks have been bearish in the short term.
Decentralized finance (DeFi) has been one of the hottest topics in the cryptocurrency industry for the past year, with decentralized exchanges (DEXs) at the forefront of the movement. One DEX that has recently been gaining traction is dYdX, and its associated dYdX token.
dYdX (DYDX) has seen a significant spike in negative sentiment according to social data from Blockchain forensics platform Santiment. Since the spike in negativity happened on March 28, DYDX has seen a price increase of close to 7%.
In a recent video analysis, tom crypto analyst Tom Busby identified five altcoins that he believes will dominate in April: dYdX, Polygon, Zilliqa, XRP, and Ethereum.
Leading perpetual contracts trading platform dYdX [DYDX] announced the completion of the third of five milestones toward the eventual launch of its dYdX V4 blockchain.
The dYdX (DYDX/USD) crypto price moved sideways as the developers move close to full decentralization. The token was trading at $2.40, which was slightly above this week's low of $2.14. It remains about 35% below the highest level this year.
dYdX has announced the launch of its private testnet on Cosmos. The DeFi exchange is expecting to launch its mainnet by September 2023.
After SushiSwap, DeFi exchange dYdX is also making the leap to Cosmos, citing slow transaction speeds on Ethereum.
DYDX is launching a private testnet of its Cosmos-based blockchain, which will be open to some external parties for the first time.
