A leading decentralized exchange is preparing to bring its trading platform to U.S. users for the first time, marking a major step in crypto’s global expansion.
Major decentralized exchange dYdX is set to launch its U.S. platform before the end of the year. According to a Reuters report published on October 30, the exchange plans to introduce spot trading for Solana (SOL) and other cryptocurrencies, expanding its reach into the United States for the first time.
### Expanding Access and Lowering Fees
Eddie Zhang, president of dYdX, told Reuters that this move is key to the platform’s long-term vision and comes as the U.S. becomes more open to digital assets under the Trump administration. Once the platform launches locally, trading fees will be cut by up to half—ranging between 50 and 65 basis points.
Founded in San Francisco, dYdX has processed over $1.5 trillion in cumulative trading volume since its inception. It specializes in perpetual contracts, which allow traders to speculate on cryptocurrency prices without owning the underlying assets. However, these derivatives will not be available initially in the U.S., though the company hopes regulators will later approve decentralized perpetual contracts for domestic users.
In a joint statement last month, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) indicated they may consider allowing perpetual contracts on regulated trading platforms—a move that could pave the way for future approval.
### dYdX Product Growth and Platform Evolution
The planned U.S. debut comes after an active year for dYdX, marked by product expansions, governance updates, and incentive programs designed to increase user engagement.
In September, the platform acquired Pocket Protector to enable Telegram-based trading, tapping into Telegram’s 900 million users. Additionally, dYdX has extended its “Unlimited” and “MegaVault” programs, allowing permissionless listings for developers and supporting more than 170 assets across several blockchains.
Earlier this year, dYdX ended its Ethereum-based bridge following a governance vote, consolidating liquidity under its native blockchain. Its ongoing Surge rewards program has disbursed more than $20 million in incentives, while recent integrations with THORWallet, CoinRoutes, and Skip Protocol have enhanced market execution and deposit speeds.
By combining innovative technology, lower fees, and a U.S. presence, dYdX aims to position itself as a decentralized alternative to centralized exchanges like Coinbase and Kraken, offering traders more control and fewer intermediaries.
https://bitcoinethereumnews.com/blockchain/decentralized-exchange-dydx-plans-u-s-entry-by-year-end/?utm_source=rss&utm_medium=rss&utm_campaign=decentralized-exchange-dydx-plans-u-s-entry-by-year-end
