Initial US Launch to Focus on Spot Trading
Decentralized derivatives platform dYdX announced plans for its launch in the United States by the end of 2025, according to Reuters, as part of its long-term expansion strategy. In the first phase, the company will offer US customers only spot cryptocurrency trading, with fees ranging between 50 and 65 basis points.
Perpetual Futures Exclusion Due to Regulatory Hurdles
The initial impact of this entry into the US market will be limited, as dYdX’s flagship product, perpetual futures, will be notably excluded. This absence is due to these derivative instruments currently being prohibited under existing US regulations. Therefore, the move will focus on competing in the spot market while navigating the complex regulatory landscape.
Hope for Regulatory Clarity on Derivatives
The next crucial step will be regulatory evolution. dYdX President Eddie Zhang expressed his hope that regulators, such as the SEC and CFTC, will soon provide clear guidelines for these “novel and innovative products,” a category both agencies have recently acknowledged. The market will be watching to see if dYdX gains approval to offer derivatives, which would mark its true consolidation in the country.
The information presented in this article is for informational purposes only and should not be interpreted as investment advice. The cryptocurrency market is highly volatile and may involve significant risks. We recommend conducting your own analysis.