Press Releases News Today TheBitTimes.com

dYdX trading and launch rewards went live on the dYdX Chain on November 28. dYdX users can now earn rewards for using the dYdX Chain, with $20 million set for launch rewards. dYdX trading rewards are live on the dYdX Chain, the decentralised derivatives trading protocol announced on Tuesday. This comes as the platform began its full trading after progressing from the beta stage, with the move made possible following a community vote.  dYdX Chain progresses to full production trading The dYdX Chain’s mainnet beta went live on November 14, with trading available across 33 markets and offering leverage of up to 20x. The platform recorded more than $1.86 million in trades across some 14k transactions over the two weeks. 1/ Trading and Launch Rewards are live on dYdX Chain! ✨ Traders can now earn rewards when they use dYdX Chain available via the @dydx_ops_subdao! Let’s dive into the details:https://t.co/MGiRUzBSMV pic.twitter.com/Bin...

Switzerland’s St.Galler Kantonalbank has launched Bitcoin and Ether trading for select customers, planning to add more coins in the future. Switzerland’s St.Galler Kantonalbank (SGKB), one of the largest banks in the country, is moving into cryptocurrency by introducing Bitcoin (BTC) and Ether (ETH) trading to its customers. SGKB has partnered with the global cryptocurrency-focused bank SEBA to offer its clients digital asset custody and brokerage services. Announcing the news on Nov. 1, SGKB and SEBA said that the new crypto service is immediately available to select SGKB customers following a short period of testing earlier this year. Starting off with Bitcoin and Ether support, SGKB plans to expand its offerings to additional cryptocurrencies based on client demand. Founded back in 1868, St.Galler Kantonalbank is a major Swiss regional bank, offering retail and commercial banking as well as private and institutional banking. SGKB is reportedly the fifth largest bank in Switzerland...

DeFi's rapid growth offers new investment opportunities, but complex processes exclude retail users. Automated trading infrastructure can bridge the gap. Decentralized finance (DeFi) is one of the most critical use cases of blockchain technology. Despite the dramatic decline that has left the total value locked (TVL) in DeFi at about 20% of its peak ($248.8 billion in November 2021 compared to $48.6 billion in April 2023), the trend is here to stay and has the potential to recover in the coming years. The main argument for DeFi’s continued growth concerns the unmatched benefits of having financial services built on decentralized infrastructures. As DeFi continues to evolve, crypto holders have access to many yield-generating opportunities. For example, decentralized exchanges (DEXs) reward liquidity providers (LPs) from the fees generated on their platforms. There are also other investment options like lending, staking or yield farming. However, it is more difficult for retail in...