One of the leading DeFi protocols for advanced crypto trading, dYdX, took to Twitter, now X, to announce their new collaboration with Privy. dYdX, a decentralized exchange focusing mainly on perpetual futures trading, entered the partnership to enable its users to create new accounts using their already existing social media credentials or email.
dYdX announced on 9th April 2024 that users will now have a straightforward approach to creating accounts with them. James Hallam, Head of Business Development at dYdX Foundation, spoke about the new event and said the collaboration would make dYdX faster and more intuitive.?
“Thanks to Privy, transitioning to dYdX Chain is now as easy as using your existing email or social media profiles, ensuring a faster, simpler, and safer experience for users. This streamlined process removes traditional barriers to entry, allowing newcomers to seamlessly enter the world of perpetuals,” he said.
Furthermore, he added that one of the primary reasons for the collaboration is to attract a larger audience due to the ease of onboarding Web3 users.
“dYdX Chain now feels instantly more accessible to everyday users. This increased accessibility has the potential to attract a wider audience, promoting a more inclusive and rapidly expanding dYdX Chain user base,”he added.
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