Algorithmic Ratings & Investment Analysis
© ARIA 2025
by aria-ratings.com
July 18, 2025 at 20:05
dYdX Expands Horizons with Acquisition of Telegram-Native Trading App
dYdX has made a notable move by acquiring Pocket Protector, a trading app built on the Telegram platform, in a bid to enhance its product offerings.
The acquisition aims to accelerate dYdX's growth, with Pocket Protector's team, including co-founders Eddie Zhang and Kaiser Kinbote, joining dYdX Trading Inc.
Both Zhang and Kinbote will take up significant roles within dYdX, focusing on the day-to-day operations and growth strategies of the organization.
In less than a year, Pocket Protector attracted 50,000 users and achieved a staggering $1 billion in annualized trading volume, highlighting its rapid success.
Juliano emphasized that integrating Pocket Protector’s innovative features such as Telegram-based trading will enrich dYdX's main platform.
The engineering talent from Pocket Protector will be assimilated into dYdX's product and engineering teams, enhancing their capabilities.
This acquisition marks a strategic shift for dYdX as it transitions from infrastructure development to scaling its user-facing operations.
The trend of integrating trading functionalities within messaging platforms like Telegram signals a potential shift in how exchanges operate, focusing on user engagement and community retention.
As the crypto market evolves, features such as in-app alerts and group trading discussions may become vital to attracting and retaining retail investors.
By embracing social tools, dYdX is positioning itself to capture a larger market share in the increasingly competitive crypto landscape.
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