Decentralized Derivative exchange DYDX is preparing to officially expand its operations into the US market before the end of this year, according to new information published by Reuters. This is XEM an important strategic step in DYDX's global plan, especially in the context of the US under President Donald Trump strongly promoting policies to develop blockchain technology and digital finance.
Mr. Eddie Zhang, Chairman of DYDX, said that being present in the US is an “inevitable turning point” to expand the ecosystem and affirm the position of the exchange in the field of decentralized finance (DeFi). According to the plan, DYDX will launch a spot trading platform for the US market, while reducing transaction fees to only 0.50% to 0.65%, helping to increase competitiveness compared to major competitors such as Coinbase or Kraken.
However, DYDX will not be able to launch its most prominent product – perpetual futures trading – due to current regulatory restrictions in the U.S. Mr. Zhang Chia his hope that regulators such as the SEC and CFTC will soon issue specific guidance to allow this type of product to operate legally in the near future.
Notably, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) discussed last month the possibility of opening the way for “new and innovative” products, including perpetual contracts. This move is XEM as a clear sign that the Trump administration is looking to make the US a global hub for digital financial technology. Since Donald Trump was re-elected in late 2024, the White House has implemented a series of policies to loosen and encourage investment in the fields of blockchain, AI and cryptocurrencies.
