Decentralized derivatives platform dYdX is preparing to expand into the United States by the end of 2025, with plans to offer spot crypto trading alongside its core perpetual futures products, company president Eddie Zhang told Reuters.
The move marks a significant strategy shift for dYdX, which has historically operated outside U.S. regulatory boundaries. Zhang said the changing policy climate under President Donald Trump is encouraging, and he hopes U.S. agencies will soon establish a framework for perpetual contracts.
In September, the SEC and CFTC signaled they would explore pathways for bringing perpetual products to U.S. markets, a development that could reshape derivative access for domestic traders. dYdX recently opened a vote to compensate users affected by an eight-hour service interruption during October’s sharp market downturn, proposing a payout of $462,000 from its insurance fund.
The exchange’s native token has declined roughly 50% over the past 30 days, falling from nearly $0.60 to about $0.30, according to Nansen data.
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