Decentralized perpetual futures exchange dYdX is expanding to the US.
According to Coindesk, dYdX has launched its first spot trading platform for US users.
Accordingly, dYdX launched its first spot market with Solana (SOL), becoming the first decentralized exchange (DEX) to offer this service to US investors.
Initially, Solana will support spot trading in all supported territories, including the US.
While perpetual futures contracts are not yet available to U.S. investors, dYdX Labs stated it will monitor regulatory developments from the SEC and CFTC to assess when decentralized derivatives might be permitted domestically.
Eddie Zhang, President of dYdX Labs, stated, “We are excited to bring dYdX to the United States and provide American investors with access to institutional-level decentralized trading infrastructure.”
*This is not investment advice.
