D
dYdX
Fintech · San Francisco, United States · Founded 2017
An open trading platform for crypto assets MoreLess
dYdX is a cutting-edge trading platform specializing in crypto assets. It offers a suite of financial services including margin trading, borrowing, and lending, all powered by Ethereum smart contracts. This ensures high security and transparency, as transactions are executed automatically and recorded on the blockchain, which is a public ledger.
The platform caters primarily to experienced crypto traders and investors who are looking to leverage their positions or earn interest on their holdings. It operates in the rapidly growing decentralized finance (DeFi) market, which aims to recreate traditional financial systems using blockchain technology.
dYdX's business model revolves around providing a decentralized and trustless environment for trading. This means users can trade without relying on a central authority, reducing counterparty risk. The platform makes money through transaction fees, interest rate spreads, and other service charges associated with its various financial products.
Key features of dYdX include:
1. **Margin Trading**: Users can trade with up to 10x leverage, allowing them to amplify their potential gains (or losses). 2. **Perpetual Contracts**: These are similar to futures contracts but without an expiry date, allowing for continuous trading. 3. **Borrowing**: Users can borrow supported crypto assets directly to their wallets, using their existing crypto holdings as collateral. 4. **Lending**: Users can deposit funds to earn variable interest over time, ensuring they always get the market rate. 5. **Portfolio Management**: Tools to view, manage, and close margin positions, and track portfolio performance over time. 6. **Stop Orders and Limit Orders**: Advanced trading features that help users manage their risk and automate their trading strategies.
Overall, dYdX aims to bring the benefits of decentralized finance—such as security, transparency, and inclusiveness—to a broader audience, making it a powerful tool for serious crypto traders.
Keywords: crypto trading, margin trading, decentralized finance, Ethereum, perpetual contracts, borrowing, lending, portfolio management, smart contracts, leverage.
Company overview
dYdX company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2017
- Headquarters
- San Francisco, United States
- Employees
- 68
- Open positions
- None listed
- Dealroom signal
- 73.5
- Investment activity
- 2 companies · latest Sep 2025
- Capital deployed
- $10M
- Preferred round
- SERIES B
Valuation & funding
dYdX funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES COther financing | Jun 2021 | $65M | $260M | Wintermute · Polychain Capital · QCP Capital · Three Arrows Capital | — |
| SERIES BOther financing | Jan 2021 | $10M | $40M | Three Arrows Capital · DeFiance Capital · Defiance Capital | — |
| SERIES AOther financing | Oct 2018 | $10M | $40M | Craft Ventures · Dragonfly Capital Partners · Kindred Ventures · Andreessen Horowitz | — |
| EARLY VCOther financing | Oct 2018 | $10M | $40M | Vy Capital · Fred Ehrsam · Abstract Ventures · Craft Ventures | ↗ |
| SEEDOther financing | Dec 2017 | — | — | Brian Armstrong · Caffeinated Capital · Avichal Garg · Kindred Ventures | — |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $22M | 0% | 68 |
| 2025 | $22M | -52% | 78 |
| 2024 | $45M | — | 74 |
Growth signals
dYdX website traffic
Latest recorded traffic for dYdX is 13K monthly website visits, down 18.8% over the last three months. dYdX's team declined 12.8% over the past year.
Comparisons
dYdX compared with similar companies
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Capital deployed
dYdX investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
GigaverseDecentralisedBrowser-based, on-chain crypto role-playing game
$8Mvaluation
BioLumicPalmerston North, New ZealandDevelops and deploys light signals that unlock the natural genetic potential of seeds and seedlings—without requiring use of chemicals or genetic modification
$68Mvaluation
Talent graph
dYdX's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where dYdX has talent and traffic
team presence
In the news
Latest news about dYdX
Recent press, funding announcements, and product moves mentioning dYdX — open to read from the original sources.
Market sentiment
What the market is saying about dYdX
An AI-synthesized read of the highest-engagement posts about dYdX on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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