dYdX announced its entry into the US market by the end of the year, as the derivation giant aims to seize the opportunity through Spot trading.

According to Reuters, the president of the decentralized cryptocurrency trading platform dYdX revealed in an interview that the platform is preparing to enter the US market by the end of this year, marking a significant shift for a derivatives trading platform that was previously closed to US users. dYdX plans to expand its US business by offering spot trading services for Solana and other related crypto assets, and after entering the US market, it will significantly reduce trading fees by half, dropping to between 50 and 65 basis points. Although perpetual futures are currently unavailable in the US, this move is still seen as a key step for DeFi giants to seize the US market under improving regulatory conditions.

dYdX Targets the US Market: Strategic Expansion Under Policy Shift

dYdX is a decentralized platform focused on Perptual Futures, allowing traders to speculate on prices without actually owning the assets, and has accumulated a total trading volume of over 1.5 trillion USD. Its decision to enter the US market comes at a time when there are clearly positive changes in the regulatory environment in the United States.

• Advantages of Decentralization: Unlike mainstream CEXs acting as intermediaries, decentralized platforms like dYdX aim to eliminate middlemen, allowing users to trade directly on the blockchain network.
• Presidential Attitude Shift: The actions of dYdX closely follow U.S. President Trump's embrace of the crypto assets sector this year, which led to the dismissal of lawsuits against prominent crypto platforms and prompted financial regulators to begin formulating specialized rules for digital assets.
• Strategic Significance: dYdX President Eddie Zhang stated, “As a platform, providing services in the United States is very important to us because it represents the direction we wish to move towards.”

Trading Fees Halved: dYdX Attempts to Open Up Through Spot Trading

In order to gain a foothold in the highly competitive U.S. market, dYdX plans to adopt an aggressive fee reduction strategy.

• Significant Fee Reduction: dYdX plans to “completely” reduce trading fees by up to half, down to 50 to 65 basis points.
• Prioritize Spot Trading: dYdX will first launch Spot trading services for Solana and other related Crypto Assets in the United States.
• Derivatives Outlook: Although Perptual Futures are currently unavailable in the United States, dYdX still hopes that U.S. regulators will eventually provide guidance for decentralized platforms to offer these products. Last month, a joint statement from the SEC and CFTC hinted that they would consider allowing trading of crypto Perptual Futures on regulated platforms.

DeFi Opportunities Under Regulatory Cooperation: dYdX Becomes an Industry Benchmark

The entry of dYdX reflects that U.S. regulators are moving towards a more inclusive direction, bringing huge opportunities for the Decentralized Finance derivatives trading platform.

• Unlocking Potential: With the improvement of the regulatory environment, dYdX, which previously stayed away from U.S. users due to compliance restrictions, is able to expand its business into the largest financial market in the world.
• Competition and Innovation: dYdX's low fee strategy may challenge existing centralized and decentralized trading platforms in the United States and promote rate competition and product innovation across the industry.
• Expectations for Regulatory Guidance: The expectations of dYdX for Perptual Futures align with the signals of cooperation released by regulatory agencies, indicating that the U.S. digital asset derivatives market may soon welcome formal regulatory guidance.

Conclusion

dYdX has decided to enter the US market by the end of the year, marking a significant event for the decentralized derivatives giant seeking legal status in the world's largest economy. In the context of a friendlier regulatory environment, dYdX is rapidly seizing market share by reducing trading fees and launching Solana spot trading, demonstrating the determination of the DeFi platform to accelerate its mainstream transition in the compliance process. This is not only strategically significant for dYdX itself but also brings opportunities for the entire DeFi industry and the Solana ecosystem to achieve greater development in the US market.