Cryptocurrency Q&A
Where is dYdX legal?
Where is dYdX legal?
SejongWisdomSeeker
Sat Jun 29 2024
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12 answers
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As a cryptocurrency enthusiast and investor, I'm often faced with the question of legality surrounding various decentralized exchanges. One such platform that has caught my attention is dYdX. Given its innovative approach to trading, I'm curious to know where dYdX is legally recognized and operational. Is it available globally, or are there specific jurisdictions where it's been given the green light? I understand that the legality of cryptocurrencies and their trading platforms can vary from country to country, but I'm hoping to get a general overview of where dYdX stands in terms of its legal status.
12 answers
ZenMindful
Mon Jul 01 2024
This Cayman Islands foundation will serve as a legal entity to support dYdX's operations.
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Bianca
Mon Jul 01 2024
The dYdX community has recently approved a significant move to strengthen the protocol's operations and governance.
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Giulia
Mon Jul 01 2024
As part of this plan, members voted to establish a foundation based in the Cayman Islands.
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Eleonora
Sun Jun 30 2024
Moreover, the foundation will oversee governance decisions, ensuring they align with the interests of the dYdX community.
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Rosalia
Sun Jun 30 2024
By having a foundation in a jurisdiction like the Cayman Islands, dYdX gains access to various legal advantages.
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