Decentralized derivatives platform dYdX has announced plans to launch a platform in the US by the end of 2025, according to a report by Reuters.
The move is part of the company's long-term strategy.
Initially, dYdX will offer US customers spot cryptocurrency trading with competitive fees set between 50 and 65 basis points.
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Notably absent is its flagship product, perpetual futures, which are currently prohibited under US regulations.
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dYdX President Eddie Zhang has expressed his hope that regulators will soon provide guidelines allowing these "novel and innovative" products, a category recently recognized by the SEC and CFTC.