dYdX Plans U.S. Debut with Spot Trading, Awaits Regulatory Clarity on Perpetuals
Decentralized derivatives platform dYdX will launch spot crypto trading services in the U.S. by late 2025, marking its first regulated market entry. Trading fees will drop to 50-65 basis points for U.S. customers, a strategic move to compete with established exchanges.
The platform's flagship perpetual futures product remains off-limits due to current CFTC restrictions. Regulatory progress appears imminent—the SEC and CFTC recently signaled openness to innovative products, potentially clearing a path for perpetual contracts in 2026.
dYdX's expansion reflects growing institutional demand for compliant crypto derivatives. While the U.S. rollout focuses on spot trading initially, the company anticipates offering its full product suite pending regulatory evolution.