Crypto platform dYdX declared unregistered by the Philippine SEC, with strict warning against investment solicitation and potential criminal liability for promoters.
The Philippines SEC publicly warned dYdX and six other crypto platforms for operating without registration or authorization in the country. Promoters of these platforms may face fines of up to 5 million Philippine pesos (around $89,000) or up to 21 years in prison.
The Philippine SEC warned the public against seven crypto trading platforms—dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium—for allegedly operating without registration.
Philippine securities regulator targets seven crypto platforms for unlicensed operations
The Philippine SEC has warned investors against using dYdX and six other crypto platforms, saying they are operating without authorization in the country.
Promoters of flagged platforms may face fines of up to 5 million Philippine pesos ($89,000) or up to 21 years in prison under Philippine securities law.
The dYdX Foundation said that its March 24 analyst call featured TradingView Chief Growth Officer Rauan Khassan and focused on protocol metrics, macro conditions and regulatory developments shaping the ecosystem through February and into March 2026. The Foundation said dYdX has now reached $1.
The dYdX community has greenlit a governance proposal to eliminate 12 underperforming perpetual markets in a bid to enhance platform efficiency. With approximately 91% of voters supporting the measure, the decision reflects widespread consensus among governance participants.