Decentralized exchange dYdX plans to enter US market by end of 2025: Reuters
The Block
dYdX plans to launch spot cryptocurrency trading in the U.S. by the end of 2025, though perpetual futures will be excluded initially.Summary
Decentralized derivatives exchange dYdX intends to enter the U.S. market by the end of 2025, according to its president, Eddie Zhang. This move is considered crucial for the company's future roadmap. The U.S. platform will offer spot cryptocurrency trading with reduced fees ranging from 50 to 65 basis points. However, dYdX will not be able to offer its signature perpetual futures trading due to current regulatory restrictions, though Zhang expressed hope for future regulatory clarity on such products. This development follows recent discussions by U.S. regulators, including the SEC and CFTC, about potentially allowing novel crypto products like perpetual contracts.
(Source：The Block)