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dYdX Trading Rebrands as dYdX Labs, Introduces Perpetual Swaps in Telegram

The rebranding is accompanied by a significant move, integrating perpetual swaps trading directly into Telegram, powered by the @PP_trading acquisition.

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Summary

dYdX Trading has rebranded as dYdX Labs, signaling a strategic shift with the integration of perpetual swaps trading inside Telegram. This move is powered by the recent acquisition of @PP_trading, expanding the platform's reach and functionality.

Terms & Concepts
  • Perpetual Swaps: A type of derivative contract that allows traders to speculate on the price of an asset without an expiration date, often used in cryptocurrency trading.
  • Telegram Integration: The process of incorporating trading features directly into the Telegram messaging platform, enabling users to trade without leaving the app.