dYdX Community Approves Gradual Closure of 12 Markets

The proposal passed with 91.07% support, and the first group of affected markets is scheduled for April 6, including JASMY-USD, RAY-USD, TRB-USD, and YFI-USD.

DYDX
JASMY
RAY

Summary

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Terms & Concepts
  • dYdX: A cryptocurrency trading platform focused on derivatives and decentralized trading services.
  • Market closure: The process of shutting down trading pairs or products, usually in stages to reduce disruption for users.
  • USD trading pair: A market that prices a cryptocurrency against the U.S. dollar.