dYdX Restricted Countries

dYdX Restricted Countries

dYdX restricts access to regions that comply with global regulations, including AML, CTF protocols, and sanctions enforcement. Prohibited jurisdictions include the United States, the UK, Canada, Iran, Cuba, North Korea, Syria, Myanmar, Crimea, Donetsk, Luhansk, and other areas under U.S. or international sanctions.

For users outside these restricted regions, dYdX remains accessible. This includes countries often banned on other platforms, such as China, Russia, South Korea, Japan, and Vietnam.

Since the list of restricted regions can evolve with changing regulations, users are advised to review dYdX’s terms regularly to confirm their eligibility.

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Why dYdX Restricts Users

While dYdX is a decentralized protocol, its frontend is managed by the centralized dYdX Foundation. This setup allows the platform to enforce restrictions to comply with AML, CTF, and sanctions laws.

As a result, users in regions like the USA, Canada, and other sanctioned jurisdictions are blocked. These measures are largely driven by regulatory pressures, particularly from agencies like the SEC, which has targetted large US-based DeFi teams like Uniswap.

Unlike other decentralized perpetual exchanges that typically avoid blocking users, dYdX’s reliance on a centralized frontend (e.g., dydx.trade) and identifiable validators makes regulatory compliance unavoidable.

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Can I Use dYdX with a VPN in the USA? 

dYdX prohibits VPN usage to bypass restrictions, as outlined in its terms of use. Despite this, testing shows VPNs can access dYdX from the U.S., Canada, the UK, and other restricted regions.

However, this comes with risks. dYdX has previously blocked accounts for violating terms, including instances where accounts were flagged by compliance tools. Even users not directly involved in restricted activities, such as Tornado Cash transactions, have faced account suspensions.

While VPN access is possible, it risks account suspension and potential fund restrictions. Proceed with caution.

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About dYdX

dYdX is a decentralized trading platform handling over $800 million in daily volume across 160 markets, offering up to 100x leverage. Built on a proof-of-stake blockchain using the Cosmos SDK, it features a decentralized order book, advanced trading tools, and self-custody. 

Users can trade assets like Bitcoin and Ethereum while earning rewards in $DYDX and $USDC through staking, trading, or providing liquidity.

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Bottom Line

dYdX combines advanced decentralized trading features with significant regulatory compliance, restricting access in some regions. While VPNs can bypass these blocks, users risk account suspension and fund restrictions. 

Staying informed on restrictions and compliance policies is essential for safe platform use.