On the dYdX platform, a leading DEX (Decentralized Exchange) based on Ethereum, perpetual contracts on XRP are now available. It was recently announced that five new markets have been added to dYdX. Market participants interested in trading XRP perpetual contracts can now take advantage of this opportunity through the dydx.trade portal. The exchange offers leverage up to 10x for XRP, with a minimum trade size of 10 XRP.

Among the new perpetual contract markets on dYdX are tokens from crypto projects such as Uniswap (UNI), Tron (TRX), Optimism (OP), and Cardano (ADA), each pegged to the US dollar. dYdX now has 13 cryptocurrencies for perpetual contracts after adding five new markets. The platform offers low fees, high liquidity, and leverage up to 20x.

In the last 24 hours, dYdX registered a trading volume of $47 million, 34,056 transactions, and $3 million in open interest. Traders can earn DYDX tokens for transactions. dYdX products are not available to residents of the USA, Canada, and in jurisdictions with restrictions.

They also emphasized that none of the functions and operations of the trading platform are directly controlled by the dYdX team. The dydx.trade website is managed by the third-party organization dYdX Ops subDAO (DOS).