dYdX is focused on building the best product for crypto traders today and in the future. Due to popular demand, we have now added Reduce-Only orders as well as increased max position sizes!
Reduce-Only is available on all order types, as long as the order is either Fill-Or-Kill (FOK) or Immediate-Or-Cancel (IOC). Reduce-Only ensures that your order:
Will only reduce the size of your current position, not increase
Will not open a position with side opposite to your current position (long to short or short to long)
To learn more about Reduce-Only orders, check out our help document on Reduce-Only orders!
Furthermore, traders can now take advantage of higher maximum position sizes. Traders can now hold up to $10M in BTC, ETH, and SOL. To see max position sizes across different markets, see our help document on maximum position sizes.
To learn more about our plans and for the most recent updates regarding dYdX, join us on Discord and Twitter.
About dYdX
dYdX is the developer of a leading decentralized exchange on a mission to build open, secure, and powerful financial products. dYdX runs on audited smart contracts on Ethereum, which eliminates the need to trust a central exchange while trading. We combine the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange.