Beginner’s Guide: Perpetual Trading on dYdX

Key Takeaways

dYdX is a decentralized exchange built on Ethereum. It’s powered by the Layer 2 solution StarkWare.
dYdX allows perpetual trading on a wide variety of crypto assets.
Our guide details how to open a long position, set limit orders, and place stop losses.

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Bears intend to pin Bitcoin price below $43K until Friday’s $700M expiry passes

Bitcoin (BTC) has been trading in a descending pattern since the strong $53,000 rejection that occurred on Sept. 7, and the $3.4 billion futures contracts liquidation along with China’s ban on crypto trading appear to have severely impacted traders’ morale.

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