dYdX Ends Contentious $25 First Deposit Bonus Promo

dYdX says it has ended its short-lived and contentious $25 first deposit bonus promo amid a wave of backlash over its facial recognition requirements for new users. The exchange, however, simply cited "overwhelming demand" as the reason for its short-lived promotional campaign, which ended on Thursday effective immediately. The promo in question launched on Wednesday and it offered new users a $25 bonus if they deposited $500 or more into the platform. The only catch was that they had to agree to do a "liveness check" via webcam to verify their identity, which didn’t go down well with certain sections of the community.