Singapore, Jun 15th 2023 — LTP (LiquidityTech Protocol), a leading prime broker in the digital asset space, is excited to announce that we have onboarded with the pioneering decentralized exchange platform dYdX. This collaboration represents an important improvement in interconnection for the crypto industry, as it combines LTP’s broad market connectivity, optimized infrastructure, and institutional client base with dYdX’s innovative trading solutions, thereby expanding institutional access to the DeFi sector.
As a prominent decentralized exchange, dYdX offers users the ability to trade perpetual contracts with up to 20x leverage for a variety of digital asset markets at extremely low cost. By allowing traders to hold their assets in self-custodial wallets, dYdX offers a compelling method of reducing counterparty risk. As a DEX, dYdX is committed to empowering more traders across the world with powerful, transparent, and fair financial products.
Key takeaways include:
Enhanced Trading Experience: LTP’s optimized infrastructure and prime brokerage features with dYdX’s advanced trading platform offers users a seamless and efficient trading experience, facilitating the addition of new variables for trading strategies in the digital asset space. Traders can also access dYdX alongside other prominent exchanges for one-stop, cross-venue liquidity.
Formal Onboarding: With LTP’s institutional KYC evaluation process, sophisticated investors that leverage LTP’s platform can now access dYdX’s decentralized liquidity through existing channels.
Uncompromising Security: With dYdX’s self-custodial model, users maintain control of their assets as they trade, improving security and reducing counterparty risk.
Promising Trading Volume: The partnership achieved a remarkable initial trading volume, netting nearly $300m in trading volume in the first 3 weeks. This high trading volume demonstrates the strong institutional demand for integrations of this type.
“We are pleased to announce that we have onboarded with dYdX, a true pioneer in the decentralized exchange space,” said Jack Yang, Founder, and CEO at LTP. “This allows us to leverage our strengths in optimized infrastructure and crypto-native experience while offering our clients enhanced access to dYdX’s cutting-edge trading features. LTP aims to revolutionize the digital asset trading landscape and provide unmatched opportunities for sophisticated investors.”
“We are happy that LTP has onboarded to dYdX. By combining our expertise in decentralized trading with LTP’s prime brokerage services, professional traders have a new and important avenue to access DeFi markets. dYdX is committed to driving innovation and bringing the benefits of scalable decentralized trading to institutions while democratizing access to financial opportunity across the board.” Nate, Marketing Lead at dYdX, added.
About LTP
LTP is a global institutional prime brokerage firm powering the future of virtual asset markets. LTP bridges traditional finance and blockchain innovation by delivering customer protected, regulated, secure, and scalable solutions to proprietary trading firms, hedge funds, asset managers, and financial institutions. LTP actively collaborates with regulators, industry partners, and academics to advance the global virtual asset economy.
For more information, please visit:
Learn more: LTP Official Website
LinkedIn: LTP
Twitter: @LTP_primebroker
Business inquiry: [email protected]
About dYdX:
dYdX is the developer of a leading decentralized exchange on a mission to build open, secure, and powerful financial products. dYdX currently runs on audited smart contracts on Ethereum, which eliminates the need to trust a central exchange while trading. We combine the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange.
For more information, visit https://dydx.exchange/. You can also follow dYdX on Twitter or connect with us on Discord to stay up-to-date with the latest news from us.