By Rohan Patel
Updated: October 31, 2025 – 12:32 AM UTC | 3 min read
Decentralized exchange dYdX plans to officially enter the U.S. crypto market by the end of 2025, according to company president Eddie Zhang. The launch will initially focus on spot trading for major digital assets such as Solana (SOL) — but derivative products like perpetual contracts will remain unavailable to American users for now.
To attract traders, dYdX will introduce lower transaction fees, ranging from 50 to 65 basis points, a strategic move aimed at boosting liquidity and competing with established U.S. platforms like Coinbase and Kraken.
"It's crucial for us as a platform to have something in the United States because it shows the direction we want to head in," Zhang said.
A New Push for Decentralized Trading in the U.S.
Unlike centralized exchanges that act as intermediaries, dYdX operates on a decentralized network, enabling users to trade directly on blockchain infrastructure. The platform's core offering, perpetual contracts, allows investors to speculate on crypto asset prices without owning the underlying tokens — and without expiration dates, unlike traditional futures.
Since launching, dYdX's cumulative trading volume has surpassed $1.5 trillion, underscoring its rapid global growth and strong user adoption.
Zhang confirmed that expanding to the U.S. represents a strategic milestone for the company: "This move demonstrates our commitment to compliance and to serving a broader market under evolving regulations."
Pro-Crypto Policy Boost Under Trump Administration
The company's U.S. expansion plans align with President Donald Trump's pro-crypto stance, which has shaped a more favorable environment for digital asset businesses in 2025. Analysts note that recent withdrawals of lawsuits against major crypto firms and a more open regulatory dialogue have encouraged decentralized platforms like dYdX to reconsider U.S. market participation.
Regulators Move Toward Clarity on Crypto Perpetuals
In a related development, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have launched a joint initiative called "Project Crypto-Crypto Sprint."
The project aims to clarify rules for DeFi platforms and derivatives, including the possibility of allowing crypto perpetual contracts on regulated exchanges.
Earlier in October 2025, both agencies announced plans for a joint roundtable discussion focused on decentralized finance and perpetual products, marking a significant step toward clearer oversight.
Market Implications
Industry experts suggest that dYdX's entry could pressure other exchanges to lower fees and expand decentralized offerings, signaling growing mainstream adoption of blockchain-based trading models.
While the company has yet to confirm the exact launch date or supported asset list, its end-of-2025 goal remains unchanged — setting the stage for one of the most anticipated U.S. crypto launches of the year.
FAQ: dYdX's U.S. Expansion Explained
What is dYdX?
dYdX is a decentralized cryptocurrency exchange that allows users to trade digital assets directly on a blockchain, without intermediaries. It's best known for offering perpetual contracts and advanced trading tools.
When will dYdX launch in the United States?
The platform plans to launch in the U.S. by the end of 2025, pending regulatory developments and internal readiness.
Will U.S. users be able to trade derivatives or perpetual contracts?
Not initially. U.S. users will have access only to spot trading for assets like Solana. Perpetual contracts remain restricted until regulators provide clear guidance.
Why is dYdX lowering its trading fees for U.S. traders?
To attract liquidity and compete with established exchanges such as Coinbase and Kraken, dYdX plans to lower its fees to 50–65 basis points for American users.
How does Trump's pro-crypto policy impact this move?
President Trump's supportive stance on crypto has led to a more favorable regulatory environment, encouraging companies like dYdX to expand into the U.S. market.