#dYdX Plans U.S. Market Entry by Year-End With #SpotTrading
Decentralized exchange dYdX is preparing to enter U.S. markets by the end of 2025, according to company president Eddie Zhang. The platform plans to expand its offerings to include spot #cryptocurrency trading, marking a significant shift from its current perpetual futures focus. Zhang told Reuters that establishing a U.S. presence represents a crucial direction for the platform's future development.
The exchange intends to offer spot trading for cryptocurrencies such as
$SOL as part of its American market expansion. Zhang cited the increasingly favorable #regulatory environment under U.S. President Donald Trump as a key factor in the decision. Trading fees will be reduced to between 50 and 65 basis points for the U.S. market, according to the Reuters report published Thursday.
DYdX specializes in perpetual futures trading, which allows users to speculate on cryptocurrency prices without owning underlying assets. However, the platform will not be able to offer perpetual contracts in the U.S. due to current regulatory restrictions. Zhang expressed hope that agencies would eventually provide guidance for perpetual product offerings in the American market.
The Securities and Exchange Commission and Commodity Futures Trading Commission announced in September that they would consider bringing perpetual contracts onshore for U.S. traders. The regulatory bodies stated they are considering potentially allowing novel and innovative products in America, including perpetual contracts.