dYdX plans to enter the U.S. market by the end of the year and significantly reduce trading fees

ChainCatcher news, according to a report by Reuters, dYdX President Eddie Zhang stated in an interview that dYdX is preparing to enter the U.S. market by the end of the year. This shift means that the decentralized exchange (DEX) will be open to U.S. users who previously could not access it.

Zhang stated, "The platform plans to expand its trading products and will launch spot trading for Solana and other related cryptocurrencies in the U.S. by the end of the year. After entering the U.S. market, dYdX plans to significantly reduce trading fees by up to half, bringing them down to between 50 and 65 basis points. Perpetual contracts will not be launched in the U.S., but dYdX hopes that U.S. regulators will eventually provide guidance for decentralized platforms to offer these products."