dYdX raises margin requirements in some markets, bans “highly profitable trades” By Cointelegraph
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Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses.
According to an announcement on X (formerly Twitter), the exchange increased margin requirements on several “less liquid markets,” affecting tokens such as Eos (), 0x Protocol (ZRX), Aave (AAVE), Algorand (ALGO), Internet Computer (ICP), Monero (XMR), Tezos (), Zcash (ZEC), SushiSwap (SUSHI), THORChain (RUNE), Synthetix Network Token (SNX), Enjin Coin (ENJ), 1inch Network (1INCH), Celo (CELO), Yearn.finance (YFI) and Uma (UMA).
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Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses.
According to an announcement on X (formerly Twitter), the exchange increased margin requirements on several “less liquid markets,” affecting tokens such as Eos (), 0x Protocol (ZRX), Aave (AAVE), Algorand (ALGO), Internet Computer (ICP), Monero (XMR), Tezos (), Zcash (ZEC), SushiSwap (SUSHI), THORChain (RUNE), Synthetix Network Token (SNX), Enjin Coin (ENJ), 1inch Network (1INCH), Celo (CELO), Yearn.finance (YFI) and Uma (UMA).
Continue Reading on Cointelegraph
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