dYdX plans US launch by year-end with spot trading and lower fees

Zhang said the launch would mark the platform’s first formal entry into the American market after years of restricting access to U.S. users. He tied the plan to a more welcoming policy tone in Washington and signaled the company wants a presence in the world’s largest capital market. “It’s very important for us as a platform to have something available in the United States,” Zhang said, adding that the launch reflects where the company wants to head next.

dYdX is a decentralized platform that lets users trade directly on a blockchain rather than through a centralized intermediary. It specializes in perpetual contracts - derivatives that track an asset’s price without an expiry date - which remain a focus outside the U.S. Regulators have indicated they may consider allowing crypto perpetuals on regulated U.S. platforms in the future, a shift that could broaden what exchanges can offer stateside.

Based on CoinMarketCap, dYdX is the 9th largest derivatives DEX platform, with a daily trading volume of $292 million. Recently, the platform revealed its Q4 2025 roadmap, including the Pocket Pro trading bot on Telegram and Solana spot trading.