I have been meaning to get back into trading and futures for a while. I left binance do with KYC but thinking of sucking it up and excepting it. Looking at alternatives though dydx came to my attention. What are they like and is there any other good Perpetual exchanges that are non KYC
We have some perpetual exchanges that are decentralized and you can use them without KYC but they have a disadvantage and that's they're not popular like the centralized exchange that can be used for perpetual trading. They also have very low volume and don't have the reputation like the centralized exchange to encourage traders to use them. Traders prefer to use the centralized exchange because they're very comfortable to use and have good reputation.
Decentralized exchange both spot, future, derivative etc still have lot to prove as individual traders don't trust them fully. Alot of them are still underdeveloped and launched prematurely that's why they have alots of flaws but they'll keep getting better as the market keeps developing.