dYdX go launch US Spot Trading by 2025 for Regulations side
dYdX, di decentralized derivatives exchange wey dem sabi for perpetual futures, dey plan make e launch one US-based crypto spot trading platform by late 2025. President Eddie Zhang tok Reuters say the first rollout go offer simple buy and sell services without leverage, as current US rules no allow decentralized platforms to offer perpetual futures. dYdX wan adjust im product line once regulatory clarity show under SEC and CFTC. Meanwhile, dYdX don propose governance vote to allocate $462,000 from im insurance fund to pay back users wey suffer from eight-hour outage during early October market wahala. For the last one month, DYDX token don fall nearly 50%, from $0.60 to $0.30. Traders go dey watch the compensation vote and US spot trading launch as possible catalysts for volume growth and token recovery.
Bullish
Di announcement wey dem make for US spot trading launch mean say dYdX don enter beta big market, e fit push trading volume plus increase demand for DYDX token for long term. Di improving regulatory clarity wey US agency dey provide join together support beta bullish outlook. Di proposed governance vote wey dem wan do to compensate users fit restore community trust and reduce negative feeling wey come from recent outage and token price drop. For short term, uncertainty about regulatory approval and di recent 50% token decline fit weigh on market feeling. But di strategic US expansion together with clear road map for future perpetual futures offerings go likely drive better momentum for DYDX.