Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Decentralized cryptocurrency exchange dYdX plans to list perpetual futures on prediction markets, d'Haussy told CoinDesk in an interview.Perpetuals-focused decentralized cryptocurrency exchange dYdX will soon enter the prediction markets sector, allowing users to place leveraged bets on the outcome of binary events, as it looks to divert attention from centralized trading venues.
Augur, launched in 2018 on Ethereum, was perhaps the first to enter the crypto-based prediction market. However, it failed to gain traction due to a lack of liquidity and high fees on the Ethereum blockchain. Today, PolyMarket is the leader in on-chain prediction markets. August trading volume on the platform exceeded $450 million. DYdX's trading volume was $21.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe markets open higher as investors weigh geopolitical outlook; UK markets reopenEuropean markets were higher on Tuesday as investors weighed geopolitical risks and U.K. markets reopened after being closed on Monday.
Read more »
Europe markets rise as investors weigh economic, geopolitical outlook; UK markets reopenEuropean markets were higher on Tuesday as investors weighed geopolitical risks and U.K. markets reopened after being closed on Monday.
Read more »
NFL Heat Index: Sam Darnold hot in Vikings debut; Kirk Cousins cold in Falcons debutHere's a look at who lit it up in Week 1 of the 2024 NFL season and who can't wait for Week 2 for a chance to redeem themselves.
Read more »
Rocket Pool jumps 23% after Binance announces launch of perpetual contractsRocket Pool (RPL)surged more than 23% as Binance announced a perpetual contract listing on Monday.
Read more »
Aark Digital Launches New Perpetual Market Indices with Dual Trading ModesCrypto Blog
Read more »
Bitoro to Launch Perpetual Futures ‘ZK Chain’ to Enhance LiquidityCrypto Blog
Read more »