Decentralized exchange dYdX is preparing to enter the US market at the end of the year, adapting its services for local users through spot trading of cryptocurrencies and tokens.
“As a platform, it’s very important for us to have something available in the U.S. because we think it represents, hopefully, the direction we’re going in,” said Eddie Chan, president of dYdX.
This expansion focuses on spot trading and excludes futures contracts to minimize legal and compliance hurdles in the early stages. Zhang explained: dYdX lowers trading fees It will be reduced by up to 50% across the board and placed between 50 and 65 basis points.
Despite the expansion announcement, the price of the dYdX native digital asset has not shown a significant bullish reaction. In fact, it’s down nearly 8% over the past seven days.as shown in the following figure.
The decision is in line with favorable US policies for digital assets, including regulatory flexibility and professional standards such as Genius Law, as previously reported by CriptoNoticias.
This move positions dYdX in the world’s largest financial market, potentially attracting greater liquidity and institutional investors in an evolving regulatory environment.