dYdX Rolls out Decentralized Market for Bitcoin Perpetual Contracts

[Paglamon]

Non-custodial cryptocurrency trading platform dYdX has launched a bitcoin perpetual contracts market. According to an announcement the decentralized market isn’t available to U.S. investors and was first open to Alpha participants before being rolled out to the public. The dYdX team wrote:

"With the help of over fifty Alpha traders and Partners, we have spent the last three weeks stress-testing our system during market volatility, collecting UI & UX feedback, and growing liquidity on our order books with market makers. We have specifically asked traders to ramp up slowly, and to start trading with larger amounts gradually. To date, almost $5M has been traded since going into Alpha, with $3M of that coming since Sunday."
The team added that it’s looking to gather initial feedback from its community, and plans on working on the perpetual contracts, as well as on the launch of “new perpetual markets in the coming months.”