The Philippine Securities and Exchange Commission (SEC) has issued an investor alert against dYdX and six other digital asset trading platforms—AEVO, GTrade, Pacifica, Orderly, Deriv, and Ostium—warning the public that these platforms are unregistered and unauthorized to solicit investments in the country.

The SEC said that the seven digital asset trading platforms appear to offer the promise of returns, profits, or interest to Filipinos. However, they disclosed that none of them…