dYdX Trading
- Company typePrivate
- Founded2017
- HeadquartersSouth San Francisco, United States
- Headcount51–100
- GTM typeB2C
- OfferingSoftware
dYdX Trading firmographics
Firmographics- Name
- dYdX Trading
- Legal name
- dYdX Trading Inc.
- Website
- https://dydx.exchange
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
dYdX Trading industry classification
Industry- Product category
- Decentralized Cryptocurrency Exchange (Perpetual Futures & Spot)
- NAICS
- Securities and Commodity Exchanges (523210), Commodity Contracts Intermediation (523160), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Perpetuals & Derivatives DEXs (FSADABAE)
- akta.pro secondary industries
- Perpetual Futures (Perps) Venues & Protocols (FSADAGAA), Derivatives, Perpetuals & Options Protocols (FSADAMAC), Derivatives Trading Venues (perps, futures, options) (FSAPADAE)
Keywords
Where dYdX Trading is headquartered
LocationHeadquarters
- HQ city
- South San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
dYdX Trading business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Trading Fees: dYdX generates revenue through trading fees (maker/taker model) on perpetual contracts and spot trading. Fee structure ranges from 5-30 basis points depending on market conditions. The platform offers 0% fees on specific tokens (BTC and BONK) during promotional periods.
- Affiliate Revenue Sharing: Affiliates earn 30-50% of net trading fees from qualified referrals based on their stkDYDX holdings, paid in USDC. Maximum net trading fees per epoch per referral capped at 75,000 USDC.
- Protocol Revenue Sharing: Builder codes, order flow revenue sharing, and affiliate features share protocol revenues with partners and participants. Rewards are paid from protocol fees via automated smart contracts and set by governance community vote.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Trading Fees |
| Transaction based/ take rate | Pay-as-you-go | Affiliate Commission Tier |
| Transaction based/ take rate | Pay-as-you-go | Surge Program - Liquidation Rebates |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels6 records
dYdX Trading product offering
Product offeringCore offering
dYdX operates a non-custodial, decentralized exchange for crypto perpetual futures and spot trading, built on its own dYdX Chain (Cosmos SDK + CometBFT, secured by Starkware zero-knowledge proofs). The platform exposes 220+ markets through a web frontend, native iOS/Android apps, a Telegram trading bot, and REST/WebSocket APIs, charging maker/taker trading fees of 5–30 bps and earning additional revenue through protocol revenue sharing, builder codes, and an affiliate program.
Product overview
dYdX is a decentralized exchange (DEX) platform offering perpetual futures and spot trading across 200+ markets. The core platform combines deep liquidity ($1.5T lifetime volume, $200M open interest), advanced order types, and professional-grade trading tools with cross-platform access via web, mobile apps (iOS/Android), and API. Key supporting products include MegaVault for liquidity provision with $12M TVL, the dYdX Affiliate Program (30-50% commission scaling), and the Surge Program ($1M liquidation rebates). In July 2025, dYdX acquired Pocket Protector to expand social trading capabilities. The platform supports deposits from six blockchain networks (Ethereum, Base, Arbitrum, Polygon, AVAX, Optimism) and powers its own standalone Cosmos blockchain (dYdX Chain v4). Educational resources are provided through dYdX Academy.
Differentiator
Problem solved
Functional benefit
Brands
- MegaVault: A vault feature that allows users to earn yields by providing liquidity to the protocol through automated trading strategies.
- Pocket Protector
- dYdX Chain
- Surge Program
Products and services
- dYdX Core Platform (Decentralized Exchange) Non-custodial decentralized exchange for perpetual futures and spot trading across 220+ crypto markets, built on dYdX Chain with Starkware zero-knowledge proofs, accessible via web, mobile apps, Telegram bot and API.
- MegaVault Non-custodial yield and liquidity-provision vault that deploys user-deposited capital into automated trading strategies across all markets on the dYdX protocol, also funding instant market listings.
- Pocket Protector Social trading product offering (operated via the t.me/pocketprotectorbot Telegram bot and integrated with dYdX) that enables community-driven, socially-enhanced trading features on top of dYdX exchange infrastructure.
- dYdX Trading API Public REST and WebSocket trading and Indexer APIs for building trading bots, analytics tools and platform integrations against the dYdX exchange, documented at docs.dydx.xyz with Python, TypeScript and Rust SDKs.
Quantifiable outcome
- Trading fees reduced to 5-30 bps compared to 10-20 bps on centralized exchanges
- +2 more outcomes
Companies that use dYdX Trading
Customer profileSegments1 record
Ideal customer profiles1 record
dYdX Trading technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature4 records
dYdX Trading partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered strategic, operational and core.
- Pocket ProtectorstrategicAcquired in July 2025 to enhance dYdX's social trading capabilities and community-driven features as part of broader industry consolidation toward integrated, socially-enhanced trading tools.
- Biconomy Labs Pte. Ltd.operationalThird-party operator managing the Gasless Onboarding Promotion on behalf of dYdX, facilitating gas cost subsidies for new and existing users depositing USDC.
- StarkwarecoreTechnology provider powering dYdX with zero-knowledge proofs (STARK technology) for enhanced security and privacy in trading operations.
Scale indicators7 records
Recent moves6 records
dYdX Trading competitors and assessment
Company assessmentDirect peers
- Hyperliquid: Decentralized perpetual futures exchange built on its own L1 (Hyperliquid L1) with on-chain order book. Closest direct competitor to dYdX in the on-chain perps DEX category, competing for the same pro-trader and high-volume retail audience.
- Perpetual Protocol: One of the earliest on-chain perpetual DEX protocols, originally built on Ethereum L2s. Competes in decentralized perps trading with a v2 virtual AMM design and is a long-standing category peer to dYdX.
- Aevo: Decentralized derivatives exchange focused on perps and options trading, built on a custom L2 using the OP Stack and Celestia for data availability. Direct competitor in the on-chain perps/derivatives category.
- GMX: Decentralized perpetual exchange using a multi-asset liquidity pool model on Arbitrum and Avalanche. Competes with dYdX for trader share in non-custodial perps, especially among GLP liquidity providers and leveraged traders.
- Synthetix: Decentralized derivatives liquidity protocol on Ethereum L2s powering perps markets (including Kwenta). Competes with dYdX in the underlying on-chain derivatives infrastructure layer and is a long-standing category peer.
Emerging players
- Drift Protocol: Solana-based perpetual futures and spot DEX with cross-margin and vAMM features. Emerging player targeting the same decentralized perps market as dYdX, increasingly relevant given dYdX's expansion into Solana spot.
- Kwenta: Decentralized derivatives exchange built on Optimism leveraging Synthetix liquidity. Competes in on-chain perps trading with a smaller user base but overlapping value proposition of non-custodial derivatives.
- Vertex Protocol: Cross-margin derivatives DEX on Arbitrum offering spot, perps, and money markets. Competes for the same pro-trader audience seeking non-custodial, low-fee perps trading with cross-margin capabilities.
Broad incumbents
- OKX: Top-tier centralized exchange with deep derivatives markets and an on-chain DEX product (OKX Wallet/DEX). Broad incumbent competing with dYdX across both centralized perps and emerging DEX aggregations.
- Binance: World's largest centralized crypto derivatives exchange by volume. Sets the benchmark for liquidity, fee schedules, and product breadth that dYdX competes against, although Binance is custodial and not accessible to US users.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
dYdX Trading social profiles
Digital presencedYdX Trading financial estimates
Financial estimateRevenue estimate
Valuation estimate
dYdX Trading leadership team
Management profileNumber of profiles
dYdX Trading subsidiaries and ownership
Company hierarchySubsidiaries1 record
dYdX Trading funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
dYdX Trading M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about dYdX Trading
What does dYdX Trading do?
dYdX operates a non-custodial, decentralized exchange for crypto perpetual futures and spot trading, built on its own dYdX Chain (Cosmos SDK + CometBFT, secured by Starkware zero-knowledge proofs). The platform exposes 220+ markets through a web frontend, native iOS/Android apps, a Telegram trading bot, and REST/WebSocket APIs, charging maker/taker trading fees of 5–30 bps and earning additional revenue through protocol revenue sharing, builder codes, and an affiliate program.
Is dYdX Trading a public or private company?
dYdX Trading is a private company. It is classified as venture growth investor backed and is currently operating.
When was dYdX Trading founded?
dYdX Trading was founded in 2017. It employs 51 to 100 people.
Where is dYdX Trading based?
dYdX Trading is headquartered in South San Francisco, United States, in the North America region.
How does dYdX Trading make money?
Three revenue lines are on record. Trading Fees are the primary driver. The others are affiliate Revenue Sharing and protocol Revenue Sharing.
Who are dYdX Trading's main competitors?
Direct peers on record are Hyperliquid, Perpetual Protocol, Aevo, GMX and Synthetix. Emerging players are Drift Protocol, Kwenta and Vertex Protocol. Broad incumbents are OKX and Binance.
Does dYdX Trading have an API?
Yes. REST & WebSocket APIs for building trading applications, bots, analytics tools, or integrating dYdX into platforms. Includes quick start guides for Python, TypeScript, and Rust. Features include fetching market data, placing and managing orders, streaming real-time updates via WebSocket connections, and accessing account data through the Indexer API. Developer documentation is at docs.dydx.xyz.
What industry is dYdX Trading in?
dYdX Trading's product category is Decentralized Cryptocurrency Exchange (Perpetual Futures & Spot). Its primary akta.pro industry code is FSADABAE, Perpetuals & Derivatives DEXs, with a secondary code of FSADAGAA, Perpetual Futures (Perps) Venues & Protocols. Its NAICS code is 523210 and its SIC code is 6200.