Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Cryptoknowmics 2022-11-10 08:43:00

DeFi Exchange Platform dYdX Sets Solana to “Close Only” Mode

Decentralized exchange dYdX has placed Solana trades in “close only” mode, which means users can only close out their existing positions and not open new ones. According to dYdX, market volatility is the cause of the change. The announcement that FTX, a cryptocurrency exchange that owns a significant investment in Solana, has gone bankrupt caused a sharp decline in the value of the SOL token for Solana today. SOL is now trading for $14.10, down 40% from $24 one day ago. dYdX – Hybrid Decentralized Exchange The entirety of dYdX’s activities is facilitated by code instead of a central intermediary, The post DeFi Exchange Platform dYdX Sets Solana to “Close Only” Mode appeared first on Cryptoknowmics-Crypto News and Media Platform .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.