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Decentralized Exchange dYdX Imposes Minimum Trade Size And Adds Gas Fee
Summary: Due to a significant spike in Ethereum network transaction costs on Thursday, the leading decentralized exchange dYdX has imposed a minimum trade size. dYdX users will now have to pay what is known as a gas fee to make a payment or process a computation on Ethereum. The fee stems from the rough average for ...
Due to a significant spike in Ethereum network transaction costs on Thursday, the leading decentralized exchange dYdX has imposed a minimum trade size.
dYdX users will now have to pay what is known as a gas fee to make a payment or process a computation on Ethereum. The fee stems from the rough average for gas prices paid by Etherscan and ETH Gas Station, shot up from 12 Gwei (around $0.0000016) on March 11 to more than 100 Gwei (around $0.0002).
According to dYdX founder Antonio Juliano, only trades equal to or larger than 10 ETH will be placed on the exchange (although users will still be able to close positions of any size), due to high gas costs.
By Ramsey Baker
Tags: dYdX,Ethereum,gas fee,minimum trade size
Link: Decentralized Exchange dYdX Imposes Minimum Trade Size And Adds Gas Fee [Copy]
