dYdX to Launch US Spot Trading by 2025 Amid Regulations
dYdX, the decentralized derivatives exchange known for perpetual futures, plans to launch a US-based crypto spot trading platform by late 2025. President Eddie Zhang told Reuters the initial rollout will offer simple buy-and-sell services without leverage, as current US regulations bar decentralized platforms from offering perpetual futures. dYdX aims to adapt its product line once regulatory clarity materializes under the SEC and CFTC.
Meanwhile, dYdX has proposed a governance vote to allocate $462,000 from its insurance fund to compensate users affected by an eight-hour outage during early-October market turbulence. Over the past month, the DYDX token has fallen nearly 50%, from $0.60 to $0.30. Traders will monitor the compensation vote and US spot trading launch as potential catalysts for volume growth and token recovery.
Bullish
The announcement of a US spot trading launch signals dYdX’s entry into a major market, potentially boosting trading volume and increasing demand for the DYDX token in the long term. Combined with improving regulatory clarity under US agencies, this expansion supports a bullish outlook. The proposed governance vote to compensate users may restore community trust and mitigate negative sentiment from the recent outage and token price drop. In the short term, uncertainty around regulatory approval and the token’s recent 50% decline could weigh on market sentiment. However, the strategic US expansion and clear road map for future perpetual futures offerings are likely to drive positive momentum for DYDX.