Philippine SEC warns investors about dYdX and six other unlicensed trading platforms

The Philippines' Securities and Exchange Commission has issued a public advisory naming seven crypto-related platforms—dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv and Ostium—saying they are not registered or authorized to operate in the country. Regulators cautioned that the entities may be soliciting investments by promising returns and noted the platforms fall outside the Philippines' crypto asset service provider framework. The SEC urged investors to be cautious and avoid dealing with unlicensed entities.