dYdX, a leading decentralized cryptocurrency exchange, plans to enter the US market by the end of the year. The exchange, which previously restricted American users, confirmed the move through its president in an interview with Reuters. This development marks a significant shift for the derivatives-focused platform that operates without intermediaries.
Unlike centralized exchanges such as Coinbase and Kraken, dYdX enables users to trade directly on a blockchain network. Its decentralized design removes the need for a middleman, allowing faster and more transparent transactions. The exchange now plans to introduce spot cryptocurrency trading for US customers with trading fees reduced between 50 and 65 basis points. This move positions dYdX to attract American traders seeking lower costs and greater control over their assets.
While dYdX aims to expand access, regulatory restrictions still prevent it from offering its popular perpetual futures in the US. These contracts allow traders to speculate on cryptocurrency prices without owning the underlying assets. The exchange’s president, David Zhang, stated he hopes regulators will soon provide clear guidance on such products.
Founded in San Francisco, dYdX has processed more than $1.5 trillion in trading volume since its inception. Despite its success, the platform must comply with US laws that limit derivatives offerings. The company believes ongoing discussions between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) may open the door for decentralized perpetuals in the future.
Last month, both agencies jointly announced they may consider allowing perpetual contracts on regulated platforms. If approved, this could reshape access for domestic crypto traders.
The US debut follows a year of strong developments for dYdX. The exchange has introduced several programs to boost activity and attract new users. In September, it acquired Pocket Protector to enable Telegram-based trading, linking directly to the app’s 900 million global users.
The company also extended its “Unlimited” and “MegaVault” programs, allowing developers to list tokens without permission. These initiatives now support over 170 assets across multiple blockchains. Earlier in the year, dYdX ended its Ethereum bridge after a governance vote, consolidating liquidity on its native chain.
Simultaneously, the company's “Surge” rewards program gave away over $20 million in trading bonuses. Furthermore, the newly established connections with THORWallet, CoinRoutes, and Skip Protocol are responsible for increased trading speed and better market execution.
Thus, dYdX is establishing a fully decentralized solution in the form of a centralized exchange. By offering lower fees, faster execution, and direct blockchain connectivity, the platform aims to elevate traders' status and increase access to the US cryptocurrency market.
Also Read: Top Decentralized Exchanges by Volume
The entry of dYdX into the US market is a noteworthy event in the realm of decentralized trading. The exchange will compete with centralized ones and establish blockchain trading during the period when regulators deliberate on the fate of perpetual contracts, offering lower fees, new integrations, and wider accessibility.