dYdX Launches Solana Spot Trading, Opens Access to U.S. Users



The team behind dYdX is rolling out its first-ever spot trading product, bringing Solana spot markets to users globally, including, for the first time, to traders in the United States.

The launch marks a notable shift for the decentralized exchange, which has until now been known almost entirely for its derivatives markets.

DYdX Labs said the move represents an expansion of its roadmap as it pushes deeper into the Solana ecosystem and broadens its user base. DYdX, which has surpassed $1.5 trillion in cumulative trading volume since its debut, is positioning spot trading as a key new entry point, particularly in jurisdictions where derivatives are restricted. To entice new users, especially in the U.S., dYdX is waiving trading fees for the month of December.

The team framed the moment as a step toward participating in an evolving U.S. regulatory environment, though the exchange is stopping short of offering perpetuals domestically.

“We’re excited to bring dYdX to the United States and provide American traders with access to institutional-grade decentralized trading infrastructure” Eddie Zhang, president of dYdX Labs said, adding “This expansion represents an important step forward as the regulatory environment evolves to accommodate digital assets. By launching with competitive fee structures and spot trading on Solana, we’re committed to delivering the deep liquidity and advanced trading tools that professionals demand, while maintaining the transparency and self-custody principles that define decentralized finance.”

Read more: dYdX Governance Approves Buyback Increase to 75% of Protocol Revenue





Source link

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *