Crypto platform dYdX chooses Cayman Islands for operations as US tightens DeFi oversight
dYdX, a decentralized exchange, after the community referendum with over 90% support, has announced its decision to operate from the Cayman Islands partially. However, this move is targeted to reduce the probable legal risks because the United States security regulators have been concentrating on decentralized finance (DeFi) protocols. Despite dYdX not having any operations within…