dYdX, a decentralized trading platform, is planning to start offering services to users in the United States by the end of 2025.
According to a report from Reuters, the exchange aims to include spot cryptocurrency trading as part of its US rollout.
Eddie Zhang, the company’s president, emphasized the importance of building a presence in the US. He stated that being available to American users aligns with the direction dYdX is hoping to take.
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While the platform is known for letting people trade crypto derivatives called perpetual futures, the US launch will focus on basic crypto trades, such as buying and selling cryptocurrencies like Solana
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Perpetual futures are a type of financial contract that lets people bet on the price of a cryptocurrency without owning it. dYdX has become well-known for offering these contracts, but US regulations currently do not allow them on decentralized platforms for local users.
Zhang noted that recent changes in the US regulatory environment under President Donald Trump have played a role in the decision to enter the market.
He said the company is hopeful that US agencies will soon offer clearer rules around how platforms like dYdX can legally provide perpetual futures.
WazirX, a cryptocurrency exchange based in India, announced plans to resume its services on October 24 after being offline for over a year. What did CEO Nischal Shetty say? Read the full story.
