dYdX explores sale of derivatives trading arm

Selini Capital and Wintermute Trading are reportedly bidding on dYdX’s v3. The protocol’s v3 version was compromised on July 23.

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Decentralized exchange dYdX is reportedly discussing the sale of some of its derivatives trading software. 

A July 23 Bloomberg report citing anonymous sources said dYdX Trading Inc, the developer of the dYdX exchange, has been negotiating the deal with crypto market makers

Among the potential buyers of dYdX’s v3 protocol are Wintermute Trading and Selini Capital. Wintermute Trading is a United Kingdom-based algorithmic trading firm specializing in digital assets, while Selini Capital manages alternative investments, particularly digital assets.

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