Important Update on DYDX
The DYDX team has recently completed a token migration. Unfortunately, we were not notified in advance, so we’ve been unable to complete the required update on our side.
We’ve reached out to the DYDX team to request the necessary migration access and authorization. At this time, this access has not yet been granted, which means we’re currently unable to proceed with the update.
To protect our users during this period, DYDX trading and deposits are temporarily paused on Coinmetro. Withdrawals remain available, so you can move your DYDX off the platform if you wish.
We’ll re-enable DYDX deposits and trading as soon as the DYDX team provides the required access and the migration is finalized. We’ll make sure to update you as soon as this is resolved.
Thank you for your patience and understanding.
🪙 What is dYdX (DYDX)?
dYdX (DYDX) is a decentralized crypto exchange built on the Ethereum blockchain, designed to empower traders with advanced trading tools and functionalities. Unlike traditional centralized exchanges, dYdX operates as a non-custodial platform, meaning users retain control of their funds at all times. Moreover, it offers a variety of sophisticated features that redefine trading in the crypto landscape, enabling users to engage in margin trading, spot trading, and perpetual contracts with leverage (a type of futures contract that does not have a predetermined selling date). Learn more
✅ Supported networks on Coinmetro: Ethereum
📥 How to Deposit DYDX Into Your Coinmetro Account
For all information on how to deposit DYDX into your Coinmetro account, please see the following help center article:
As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.
📤 How to Withdraw DYDX From Your Coinmetro Account
For all information on how to withdraw DYDX from your Coinmetro account, please see the following help center article:
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.