Decentralized cryptocurrency trading platform dYdX is reportedly planning its entry into the U.S. market by the end of 2025. This move marks a significant expansion for the San Francisco-based exchange, which specializes in derivatives products and has been historically unavailable to American users.

According to dYdX President Eddie Zhang, the company intends to introduce spot trading for cryptocurrencies like Solana (SOL) as part of its U.S. debut. While perpetual contracts, a core offering of dYdX, will not initially be available to U.S. users due to regulatory considerations, the exchange is seeking regulatory guidance for these products. Recent statements from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) suggest a potential pathway for allowing crypto perpetual contracts on regulated U.S. platforms.

dYdX's entry into the U.S. market involves a strategic reduction in trading fees. The company aims to cut trading fees drastically upon entering the U.S. market. Reports indicate the platform intends to slash trading fees, setting them between 50 and 65 basis points.

The move to include spot trading and reduce fees comes as dYdX recognizes the evolving regulatory landscape in the U.S. and aims to align with potential future guidelines. Zhang cited the increasingly favorable regulatory environment in the U.S. as part of the reason for the move.

Since its inception, dYdX has facilitated over $1.5 trillion in trading volume. The platform has also accumulated more than $62 million in fees. Looking ahead, dYdX plans to introduce new features such as prediction markets and TWAP orders by November 2025. These initiatives aim to expand their presence in the U.S. market and increase the number of token holders.