Decentralized exchange 'dYdX' plans to enter the U.S. market within the year

The decentralized crypto asset (cryptocurrency) exchange dYdX plans to enter the U.S. market within the year. Although the platform has been derivatives-focused with limited access for U.S. investors, it intends to roll out full-fledged spot trading services in line with the Trump administration's pro-crypto stance and moves toward regulatory easing.

According to Reuters on the 30th (local time), Eddie Zhang, CEO of dYdX, said in an interview, "We plan to launch spot trading services in the U.S. by the end of this year, including major crypto assets such as Solana (SOL)," and added, "the U.S. market is an important turning point that shows the direction we should take."

dYdX is a decentralized finance (DeFi) platform that, unlike centralized exchanges Coinbase and Kraken, enables direct trading on the blockchain network without intermediaries. Its flagship product is 'perpetual contracts,' derivatives with no expiry date, which allow investors to trade based on asset prices without holding the underlying asset. Since its founding, cumulative trading volume has exceeded $1.5 trillion.

The company will also cut fees in line with its U.S. market entry. Zhang said, "At the time of launching services in the U.S., we plan to reduce trading fees by up to half from current levels, lowering them to around 0.5~0.65%." However, perpetual contract products will not be offered in this U.S. entry.