DeFi Exchange DYdX Explores Potential Sale of Trading Software

DeFi giant DYdX is reportedly negotiating the sale of a portion of its derivatives trading software for an undisclosed sum. Bloomberg reported Tuesday that the potential buyers may include a consortium of major market makers in the cryptocurrency industry. Potential buyers include Wintermute Trading and Selini Capital, while Perella Weinberg Partners is serving as the firm’s advisor, the report said. DYdX didn’t return Cryptonews’ request for comment by press time. But in an X post on Wednesday, the platform mentioned exploring new options for its V3 technology. This new direction wouldn’t involve the current Ethereum smart contracts.

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