As major exchanges are currently looking at KYC and crypto traders take a stance on anonymity/non-KYC, dYdX serves as an excellent platform for perpetual traders along with 20x leverage on Ethereum. dYdX allows for trading while maintaning ownership of funds, as the saying goes "not your keys, not your coins".
dYdX is currently also on iOS, opening up even larger space for potential traders to onboard their platform with Bybit recently announcing KYC requirements in order for depositing funds into the exchange for Spot or Perps trading.
However there is a lack of coins available for trading, currently only offering 37 coins compared to larger players like Bybit and Binance with over hundreds of coins available for trading perps and spot.
If you are a trader looking for no KYC, zero fees for deposits and withrdrawals, dYdX is one to look at for onchain trading. However the lack of tokens available to trade remains an issue, hence the 4 stars. Show Less