{"id":30293,"date":"2024-05-07T17:49:22","date_gmt":"2024-05-07T17:49:22","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-adds-direct-deposits-and-withdrawals-for-dydx\/"},"modified":"2024-05-07T17:49:22","modified_gmt":"2024-05-07T17:49:22","slug":"binance-adds-direct-deposits-and-withdrawals-for-dydx","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-adds-direct-deposits-and-withdrawals-for-dydx\/","title":{"rendered":"Binance adds direct deposits and withdrawals for dYdX"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/binance-logo-on-iphone-smartphone-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/binance-logo-on-iphone-smartphone-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/binance-logo-on-iphone-smartphone-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/binance-logo-on-iphone-smartphone-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Binance has announced its integration with the dYdX Chain mainnet.<\/span><\/li>\n<li>Deposits for DYDX are open, while support for withdrawals will go live once there\u2019s sufficient volume.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/binance\/\">Binance<\/a> users can now directly deposit or withdraw dYdX (DYDX) tokens. <a href=\"https:\/\/coinjournal.net\/dydx\/\">DYDX<\/a> is the native token of the L1 protocol dYdX Chain.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In an <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/binance-completes-integration-of-dydx-dydx-mainnet-5e2f6ff0dc0548669e51abcef524f5ad\" target=\"_blank\" rel=\"noopener\">announcement<\/a> on Tuesday, Binance said it had opened deposits for DYDX, with withdrawals set to go live once there is sufficient volume. <\/span><\/p>\n<h2><span style=\"font-weight: 400\">Binance completes dYdX mainnet integration<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The dYdX Chain is one of leading platforms in the decentralised exchange market, currently the top Perpetuals DEX platform in the ecosystem. That makes a move by a leading crypto exchange such as Binance\u2019s a major development that could spark further growth.<\/span><\/p>\n<p>dYdX Chain <a href=\"https:\/\/twitter.com\/dYdX\/status\/1787770472244858978\">shared<\/a> news of the Binance integration on X.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"ht\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a> now supports dYdX Chain DYDX\ud83d\udca1<a href=\"https:\/\/t.co\/tCC24zwVKt\">https:\/\/t.co\/tCC24zwVKt<\/a> <a href=\"https:\/\/t.co\/mWtrAJ84Zl\">pic.twitter.com\/mWtrAJ84Zl<\/a><\/p>\n<p>\u2014 dYdX (@dYdX) <a href=\"https:\/\/twitter.com\/dYdX\/status\/1787770472244858978?ref_src=twsrc%5Etfw\">May 7, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">While Binance\u2019s integration means dYdX is now available for direct deposits and withdrawals on another top crypto platform, it also opens up the network for user access to numerous decentralised applications (dApps).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Currently, OKX is the other top cryptocurrency exchange to support DYDX.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The dYdX Chain is a community-governed Cosmos appchain that distributes 100% of the protocol\u2019s fees to DYDX stakers in the USDC stablecoin. Token holders can run a validator or stake their DYDX to one in order to participate in the network\u2019s security and governance.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">dYdX Chain growth<\/span><\/h2>\n<p><span style=\"font-weight: 400\">dYdX ranks among top DEX networks by trading volume and market share.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to details from <\/span><a href=\"https:\/\/coinmarketcap.com\/rankings\/exchanges\/dex\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400\">, the exchange\u2019s v4 is currently second-largest by 24-hour trading volume and has a market share of more than 11%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Growth metrics for the dYdX Chain from last week <\/span><a href=\"https:\/\/twitter.com\/dYdX\/status\/1787754201444913584\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">show<\/span><\/a><span style=\"font-weight: 400\"> the weekly trading volume exceeded $7.5 billion, while the number of daily active traders reached 2,100.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, staking distributions amounted to over $1.24 million in USDC paid to stakers last week.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/binance-adds-direct-deposits-and-withdrawals-for-dydx\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Binance has announced its integration with the dYdX Chain mainnet. Deposits for DYDX are open, while support for withdrawals will go live once there\u2019s sufficient volume. Binance users can now directly deposit or withdraw dYdX (DYDX) tokens. DYDX is the native [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":30294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30293"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=30293"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/30294"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=30293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=30293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=30293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}