Tag: administration

The post Decentralized exchange dYdX plans U. S. entry by year-end appeared com. 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. Summary dYdX plans to launch spot trading in the U. S. by year-end. The exchange will cut fees by up to half for U. S. users. It expands after new crypto-friendly policies eased regulatory pressure. Major decentralized exchange dYdX is preparing to launch its U. S. platform before the end of the year. According to a Reuters report published on Oct. 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 the 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. The exchange will cut trading fees by up to half, to between 50 and 65 basis points, once it launches locally. 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. These derivatives will not be available initially in the U. S., though the company hopes regulators will later approve decentralized perpetuals for domestic users. In a joint statement last month, the U. S. Securities and Exchange Commission and the Commodity Futures Trading Commission said they may consider allowing perpetual contracts on regulated trading platforms, a move that could open the door for future approval. dYdX product growth and platform evolution The planned U. S. debut follows an active year for dYdX, marked by product expansions, governance updates, and incentives aimed at increasing user engagement. In September, the platform acquired Pocket Protector.