Is dYdX custodial? Who holds your funds?
No. dYdX is listed as non-custodial: your funds stay in a wallet you control, not with the venue.
Checked 2026-10-17 · 3 sources- dYdX Chain is designed to be decentralized end to end; dYdX docs state none of the protocol, indexer or front-end components are run by dYdX Trading Inc.
- Non-custodial does not mean risk-free. Smart-contract bugs, phishing and malicious approvals can still lose funds.
- We list 2 reported incidents for dYdX on its legit check.
Sources: dYdX Docs - Rewards, Fees and Parameters · dYdX Docs index (architecture, builder codes, revenue share) · dydx.trade Terms of Use (last updated 12 March 2026). The venue's own page wins if it disagrees with ours.
dYdX
Perp DEX · 0.1% round trip. dYdX is an order-book perpetuals exchange running on its own appchain, the dYdX Chain (v4), whose protocol, indexer and front end are open source. Fees are tiered by 30-day volume and set by governance.
Full dYdX sheet: fees, custody, incidents →