dYdX Chain Enhances Access with Kado's Fiat Onramp

The decentralized trading platform dYdX has partnered with Kado to enable direct fiat onboarding to the dYdX Chain, enhancing accessibility for traders worldwide. According to the official announcement from dYdX, users in over 150 countries can now purchase USDC via Kado using debit/credit cards or bank transfers, facilitating a seamless entry into the cryptocurrency market.

Unlock Fast & Secure Crypto Trading: Introducing dYdX Chain

The dYdX Chain, built on the Tendermint consensus mechanism and Cosmos SDK, promises to improve the speed, scalability, and decentralization of its trading platform. This development aims to support faster, cost-effective, and secure derivatives trading by handling up to 2,000 transactions per second (tps).

Further enhancing its appeal, the dYdX Chain is fully decentralized, with open-source software managed by the community. Governance is in the hands of layer 1 token holders, who can vote on protocol updates and changes.

Kado Simplifies Onboarding to dYdX Chain

Kado's integration eliminates the need for a Centralized Exchange (CEX), offering a direct and efficient fiat on- and off-ramp to the dYdX Chain. This service is available in over 150 countries, allowing users to purchase or cash out USDC using familiar methods like debit/credit cards and bank transfers, including SEPA Instant and PIX. The onboarding process is notably swift, enabling users to start trading on the dYdX Chain in under five minutes.

Moreover, Kado's platform is easily integrable with various applications, including web or mobile apps, non-custodial wallets, DAOs, NFT marketplaces, and other Web3 projects. As an independent third party, Kado offers a reliable fiat-to-crypto on-and-off ramp solution.

Collaboration with Noble and Squid Router

This integration is supported by collaborations with Noble and Squid Router. Noble provides mint and burn capabilities for native USDC on the dYdX Chain, while Squid Router facilitates cross-chain onboarding. These partnerships are crucial for implementing Kado’s fiat onboarding capability.

With the integration of Kado, dYdX Chain users can now enjoy a streamlined and efficient trading experience. For more information, visit the official dYdX announcement.