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Popular decentralized exchange (DEX) dYdX — currently offering perpetual trading options for over 35 popular cryptocurrencies — is set to unveil its most ambitious upgrade yet. Labeled ‘dYdX Unlimited,' the update will feature a number of comprehensive enhancements that promise to offer traders increased flexibility while simultaneously providing them with new passive income streams.
November started off very well, with many cryptocurrencies, including Bitcoin, forming new all-time highs. Amidst the chaos, however, some altcoins are getting sidelined and hold the potential to note gains.
The CEO of the dYdX Foundation sees parallels between the internet of the 1990s and where Decentralized Finance (DeFi) is today.
The move is meant to allow the platform to shift back to its core vision as it faces a competitive market.
dYdX Trading, the company behind the decentralized exchange platform, recently announced it has let go of 35% of its workforce.
dYdX announces a strategic shift back to startup mode, aiming to reignite innovation and agility. The decision follows recent layoffs and a re-evaluation of the company's operational structure.
Charles d'Haussy CEO dYdX Foundation told CryptoNews he sees a convergence in centralized exchanges (CEXs) and decentralized exchanges (DEXs) and noted that only 5% of perpetuals are currently traded on-chain. The post dYdX Sees Convergence of CeFi and DeFi and Plans to Launch ‘dYdX Unlimited' appeared first on Cryptonews.
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Dydx, the decentralized finance platform, has announced a significant restructuring, with CEO Antonio Juliano revealing the difficult decision to lay off 35% of its core team as part of a strategic shift to align with the company's evolving goals.
dYdX's major layoffs and declining TVL highlight ongoing market pressures, with a mixed response from investors reflected in DYDX's fluctuating price.
Antonio Juliano, the founder of decentralized derivatives exchange dYdX, has announced a 35% reduction in the company's core workforce. Interestingly, this news has not affected the price of dYdX.
Decentralized exchange platform dYdX has announced a 35% reduction in its workforce as it embarks on a strategic overhaul led by returning CEO Antonio Juliano. Juliano, who resumed leadership on October 10 after a six-month hiatus, cited a need for a leaner, more focused team to steer the company through mounting industry challenges.
dYdX has announced the departure of several team members, including members of the core team.
dYdX's layoff decision was a realisation that the company is different from the company dYdX must be. The post DeFi Exchange dYdX Follows Consensys in Layoff Spree, Cuts Workforce by 35% appeared first on Cryptonews.
The decentralized crypto exchange laid off more than a third of its workforce on the same day Ethereum development firm Consensys cut 162 employees.
The decentralized derivatives platform dYdX recently announced that it had laid off 35% of its workforce, including core team members. Despite the workforce reduction, the price of the platform's native token, dydx, rose by 5.56%, as traders reacted positively to the restructuring news.
DYDX, the firm that is developing an on-chain crypto derivatives exchange has let go of 35% of its core team. Chief executive officer Antonio Juliano announced on Tuesday that the decision was essential to align the company's structure with its evolving needs.
"The company we've built is different from the company dYdX must be," said the CEO.
CEO Antonio Juliano, who announced the redundancies, recently rejoined the firm after a six-month sabbatical.
dYdX has announced a 35% workforce reduction as part of a strategic shift. The move is aimed at restructuring the company for future growth.
The cryptocurrency market continues to recover, with Bitcoin holding steady at around $69,000 and Ethereum reclaiming the $2,700 mark, investors are buzzing with excitement. Many analysts believe we are on the cusp of a significant Altcoin Season, where mid-cap and small-cap altcoins could see explosive growth.
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DYDX has experienced a remarkable increase, gaining over 38% in the last 24 hours. This impressive performance has positioned it as the second-best performing cryptocurrency among the top 100 by market capitalization, according to Coin Market Cap.
The crypto market is currently valued at $2.36 Trillion and has started the 3rd week on a positive note by adding 0.68% to its valuation. Further, with Bitcoin price stabilizing above the $69,000 level, top blockchains have gained significant traction over the past few days.
