Crypto.com and dYdX have joined forces to bring advanced trading capabilities to users through the integration of dYdX’s trading infrastructure within the Crypto.com Onchain application. This partnership allows users to access derivatives trading with leverage of up to 50x directly through the self-custodial mobile app interface. By incorporating this feature, Crypto.com aims to provide a high-performance on-chain trading option to a wider audience while maintaining decentralized user environments.
The collaboration with dYdX enables Crypto.com to seamlessly integrate the dYdX infrastructure into its existing user interface, ensuring a consistent mobile experience for users. This integration will support perpetual contracts, a significant portion of crypto trading volume, and meet the demand for more advanced on-chain trading offerings without requiring users to leave the Crypto.com ecosystem.
One of the key benefits of this partnership is the utilization of dYdX’s institutional-grade infrastructure, which has facilitated over 1.49 trillion in trading volume. This infrastructure is designed to support various platforms, including mobile, desktop, and API-based applications, making it ideal for platforms looking to offer more sophisticated trading features. By leveraging dYdX’s backend technology, Crypto.com can enhance its trading platform’s scalability and performance without compromising decentralization. Other platforms can also adopt similar configurations through APIs or custom interfaces.
Furthermore, the focus of this collaboration is on decentralization and user control. The Crypto.com Onchain App promotes a non-custodial model and integrates dYdX’s technology to expand its framework by introducing high-leverage derivative trading. This partnership exemplifies how decentralized applications can provide complex financial tools without infringing on user autonomy. As the demand for decentralized trading platforms continues to grow, infrastructure companies like dYdX play a crucial role in securely supporting this need at scale.
In conclusion, the integration of dYdX’s trading infrastructure within the Crypto.com Onchain application represents a significant step towards offering advanced trading capabilities to users in a decentralized manner. This partnership underscores the importance of collaboration in the cryptocurrency space and highlights the potential for innovative solutions to meet the evolving needs of users.