Coinbase announces the launch of DYDX, trading will start after 9 AM Pacific Time on August 7, if liquidity is okay.

This news comes at a timely moment, as DYDX, an old player in DeFi, getting listed on Coinbase equals increased exposure, especially with the recent CBOE application for the VanEck ETH ETF staking, the DeFi sector is being heavily speculated overall.

I think this will push DYDX for a short-term pump, but in the long run, we need to guard against regulatory risks, I will follow with a small position, betting on institutional inflow.