Decentralized perpetual futures exchange dYdX is expanding into the United States.
According to Coindesk, dYdX has launched its first spot trading platform for US users.
Along with this, dYdX launched its first spot market on Solana (SOL), becoming the first decentralized exchange (DEX) to offer this service to US investors.
Initially, Solana will support spot trading in all supported regions, including the US.
Although perpetual futures contracts are not yet available to U.S. investors, dYdX Labs said it will monitor SEC and CFTC regulatory developments to assess when decentralized derivatives will be allowed in the country.
“We are excited to bring dYdX to the U.S. and provide U.S. investors with access to institutional-grade decentralized trading infrastructure,” said Eddie Chan, president of dYdX Labs.
*This is not investment advice.