Overview
- dYdX plans its first U.S. launch before year-end, marking a shift from its previous restriction on American users.
- The initial offering will add spot trading for Solana and other linked cryptocurrencies for U.S. customers.
- The exchange intends to cut U.S. trading fees by up to half, targeting a range of roughly 50 to 65 basis points.
- Perpetual contracts will be excluded at launch for U.S. users, with the company saying future availability depends on regulatory clarity.
- The SEC and CFTC recently said they would consider allowing crypto perpetuals on regulated platforms, and dYdX notes it has surpassed $1.5 trillion in cumulative volume.