dYdX is worth keeping an eye on in my opinion. The project offers a number of features that are attractive to serious traders, including:
Margin trading: dYdX allows users to trade with up to 20x leverage (not the greatest). This means that you can control a larger position with a limited investment which does help a great deal when trading.
Prediction markets: dYdX also offers some prediction markets, where you can bet on the outcome of future events. This can be a great way to generate passive income or hedge against risk.
Low fees: dYdX charges no fees for spot trading. Margin trading fees are currently 0.02% which is actually amazing.
Security: dYdX is a highly secure exchange. It is fully auditable and has never been hacked.
Overall, dYdX is an interesting option for traders however if you are looking for margin trading then Gains Network and GMX are probably also on your list and it does make sense to diversify. Show Less