The workforce behind dYdX is rolling out its first-ever spot buying and selling product, bringing Solana spot markets to customers globally, together with, for the primary time, to merchants in america.
The launch marks a notable shift for the decentralized trade, which has till now been recognized virtually solely for its derivatives markets.
DYdX Labs stated the transfer represents an enlargement of its roadmap because it pushes deeper into the Solana ecosystem and broadens its consumer base. DYdX, which has surpassed $1.5 trillion in cumulative buying and selling quantity since its debut, is positioning spot buying and selling as a key new entry level, notably in jurisdictions the place derivatives are restricted. To entice new customers, particularly within the U.S., dYdX is waiving buying and selling charges for the month of December.
The workforce framed the second as a step towards taking part in an evolving U.S. regulatory atmosphere, although the trade is stopping in need of providing perpetuals domestically.
“We’re excited to deliver dYdX to america and supply American merchants with entry to institutional-grade decentralized buying and selling infrastructure” Eddie Zhang, president of dYdX Labs stated, including “This enlargement represents an essential step ahead because the regulatory atmosphere evolves to accommodate digital belongings. By launching with aggressive price constructions and spot buying and selling on Solana, we’re dedicated to delivering the deep liquidity and superior buying and selling instruments that professionals demand, whereas sustaining the transparency and self-custody rules that outline decentralized finance.”
Learn extra: dYdX Governance Approves Buyback Increase to 75% of Protocol Revenue
