Compare

BY Bybit VS DY dYdX

These two exchanges don't share an obvious product overlap. Differences below come from our individual reviews of Bybit and dYdX.

	Bybit	dYdX
Founded	2018	2017 (dYdX Chain v4 launched October 2023)
Regions	Widely available; restricted or unavailable in some jurisdictions including the US for derivatives products: verify local availability before signing up.	Blocked for US, Canadian, UK, and sanctioned-territory persons at the protocol's terms-of-use level on the main front end; open-source front ends and direct chain access mean geographic enforcement is a terms-of-use matter rather than a technical one: read the restrictions before connecting a wallet.
Products	Spot, Perpetual futures, Options, Copy trading	Perpetual futures (primary product), Spot (newer, limited rollout)
Maker fee	Verify current tier: Bybit uses a volume-based maker/taker schedule	Not yet verified
Taker fee	Verify current tier: Bybit uses a volume-based maker/taker schedule	Not yet verified

Bybit pros

Deep futures liquidity, especially on major pairs
Mature, well-documented copy-trading product
Fast account setup for spot and futures

dYdX pros

Fully non-custodial: funds sit in your own wallet and on-chain margin account, never in a company-controlled hot or cold wallet
Fully open source, including the validator software, indexer, and web/iOS/Android front ends, so no single company operates the exchange once it's running
Deep specialization in perpetual futures with an order book and matching engine built specifically for that product, rather than derivatives bolted onto a spot exchange
Governance and fee schedule are transparent and on-chain, set by DYDX token-holder votes rather than a private company's internal decisions

This table is generated from the same data behind our individual exchange reviews. See methodology for how it's put together. Fee figures marked "not yet verified" need confirming against live terms before this page is treated as launch-ready.