Compare
DY dYdX VS PL Poloniex
These two exchanges don't share an obvious product overlap. Differences below come from our individual reviews of dYdX and Poloniex.
| dYdX | Poloniex | |
|---|---|---|
| Founded | 2017 (dYdX Chain v4 launched October 2023) | 2014 |
| Regions | 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. | Blocked entirely for US customers since December 2019, along with Cuba, Iran, North Korea, Sudan, and Syria; primarily serves retail, margin, and futures traders outside those jurisdictions. |
| Products | Perpetual futures (primary product), Spot (newer, limited rollout) | Spot, Margin, Perpetual futures |
| Maker fee | Not yet verified | Verify current tier: Poloniex's base spot tier runs 0.2% maker and 0.2% taker, stepping down through its Plus tiers toward 0% maker at the higher levels; futures run a separate flat schedule around 0.01% maker |
| Taker fee | Not yet verified | Verify current tier: spot taker fees fall toward roughly 0.04% to 0.06% at the higher Plus tiers; futures taker fees run around 0.075% flat regardless of volume |
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
Poloniex pros
- One of the longest continuously operating exchanges in crypto, dating back to 2014 and predating most of its current competitors
- Recovered from its November 2023 hack with user funds restored within about a week, backed by Justin Sun's personal capital
- Full spot, margin, and futures product set under one account
- Low advertised futures fees relative to many offshore derivatives platforms
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.