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Users Can Now Set Up their dYdX Wallet With Email or Social Login Details

Twitter icon  •  Published 2 weeks ago  •  Hassan Maishera

dYdX has entered into a strategic partnership with Privy, introducing a feature that allows new users to create dYdX wallets using email or social login details.

TL;DR

  • dYdX has partnered with Privy to introduce a new method to set up wallets.

  • The feature allows users to set up dYdX wallets using email or social login details.

dYdX Partners with Privy

dYdX announced via X on Tuesday that it has entered into a strategic partnership with Privy, a powerful tool for onboarding new users to DeFi. privy allows users to set up a new wallet and log in using their existing email or social accounts.

Thanks to the partnership between the two entities, new traders can create a dYdX wallet simply by logging in with their socials. With this feature, users no longer need to memorize a seedphrase.

While commenting on this latest development, the dYdX team said,

“We’re excited about this upgrade and believe it will help bridge that gap between crypto curious and power traders.”

This latest development comes barely 24 hours after the dYdX blockchain experienced a halt in block production. The halt was caused by a scheduled v4 upgrade to the chain. At press time, DYDX is trading at $3.09, down by 4% in the last 24 hours. 

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.