DeFi
DeFi Exchange DYdX in Talks to Sell Derivatives Trading Platform
- Wintermute, Selini among potential buyers, people familiar say
- Futures exchange shifted to open-source blockchain last year
DYdX Trading Inc., the developer of the namesake decentralized finance exchange, is in talks to sell some of its derivatives trading software for an undisclosed amount to a consortium that includes some of the biggest market makers in crypto, according to people with knowledge of the matter.
Wintermute Trading Ltd. and Selini Capital are among the potential buyers of the dYdX v3 software, said two of the people, who asked for anonymity because the talks haven’t been made public. Perella Weinberg Partners is advising New York-based dYdX Trading, they said.