Key Highlights
- The decentralized exchange dYdX plans to launch in the United States by the end of 2025, starting with spot trading for major cryptocurrencies like Solana
- The platform will debut with a reduced-fee spot trading service, but will delay its flagship perpetual futures contracts until the specific U.S. regulatory framework for crypto derivatives is fully established
- This announcement comes amid ongoing legislative efforts for the crypto space Trump administration, including new laws that clearly define asset classifications
The decentralized exchange dYdX has unveiled plans to enter the United States market by the end of this year. The platform, a major player in the decentralized finance world with a staggering $1.5 trillion in lifetime trading volume, will make its initial U.S. offering a spot trading service for major cryptocurrencies like Solana.
This announcement is a dramatic reversal for a dYdX that had long restricted American users due to regulatory uncertainty. However, in a nod to remaining complexities, its popular perpetual futures contracts will not be available at launch.
dYdX Reveals Phased Strategy for the American Market
The exchange’s strategy for the United States is deliberate and phased, where it prioritizes compliance above all else. The initial launch will be built around spot trading, allowing U.S. customers to directly buy and sell assets such as Bitcoin, Ethereum, and Solana.
This service will be powered by technology from a recent acquisition, focusing on a fast and social trading experience. To establish a strong position in the competitive American market, dYdX will implement a sharp reduction in trading fees, cutting them by up to fifty percent to become one of the industry’s most cost-effective platforms.
While U.S. users will be required to complete identity checks, the platform will uphold its core principle of being non-custodial. It means users will always maintain control of their own funds. Company President Eddie Zhang confirmed that the highly anticipated perpetual contracts are a future goal, stating they will be introduced only when the regulatory framework is fully complete.
U.S. Attracts Crypto Innovations with Clear Regulatory Guidelines
This launch is directly enabled by a profound shift in the United States government’s approach to digital assets. Since the beginning of the year, the Trump administration has executed a series of policy changes designed to transform the country into a hub for crypto innovation.
A key executive order established a new presidential working group co-chaired by an AI and Crypto official, with a clear mandate to create innovation-friendly rules. This new direction has effectively begun repatriating companies and projects that were previously forced to operate offshore due to a lack of clear guidelines.
The most important changes have come through both regulatory reassessment and new legislation. At the regulatory level, the Securities and Exchange Commission, under new leadership, has launched “Project Crypto.”
This initiative provides a clear pathway for token issuers and decentralized platforms to operate legally within the United States. Crucially, it recognizes that sufficiently decentralized networks fall outside the scope of securities regulation.
Furthermore, the SEC has dropped several high-profile lawsuits against other major U.S. crypto firms like Ripple. This shows a decisive end to the period of regulation by enforcement.
The U.S. Congress has passed three foundational laws that provide the clarity the industry long sought. The CLARITY Act finally draws a clear line between digital assets that are securities and those that are commodities, resolving years of jurisdictional confusion between the SEC and the CFTC. The GENIUS Act establishes a federal framework for stablecoins, bringing them under bank-like oversight.
Additionally, legislation was passed to prohibit the Federal Reserve from issuing a retail central bank digital currency. This new development is intended to preserve private-sector innovation. In a powerful symbolic act, the administration has also directed the Treasury to hold seized Bitcoin as a national strategic reserve, demonstrating institutional confidence in the asset class.
Source: https://www.cryptonewsz.com/dydx-enters-us-market-as-crypto-rules-ease/
