DYdX Launches Solana Spot Trading, Opens Access to U.S. Users

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email DYdX Launches Solana Spot Trading, Opens Access to U.S. Users The launch marks a notable shift for the decentralized exchange, which has until now been known almost entirely for its derivatives markets. By Margaux Nijkerk | Edited by Nikhilesh De Dec 11, 2025, 2:00 p.m. dYdX Launches Solana Spot Trading What to know : The team behind dYdX is rolling out its first-ever spot trading product, bringing Solana spot markets to users globally, including, for the first time in the DEX's history, to traders in the United States. The launch marks a notable shift for the decentralized exchange, which has until now been known almost entirely for its derivatives markets. DYdX Labs says the move represents an expansion of its roadmap as it pushes deeper into the Solana ecosystem and broadens its user base. The team behind dYdX is rolling out its first-ever spot trading product, bringing Solana spot markets to users globally, including, for the first time, to traders in the United States. The launch marks a notable shift for the decentralized exchange, which has until now been known almost entirely for its derivatives markets. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . DYdX Labs said the move represents an expansion of its roadmap as it pushes deeper into the Solana ecosystem and broadens its user base. DYdX, which has surpassed $1.5 trillion in cumulative trading volume since its debut, is positioning spot trading as a key new entry point, particularly in jurisdictions where derivatives are restricted. To entice new users, especially in the U.S., dYdX is waiving trading fees for the month of December. The team framed the moment as a step toward participating in an evolving U.S. regulatory environment, though the exchange is stopping short of offering perpetuals domestically. “We're excited to bring dYdX to the United States and provide American traders with access to institutional-grade decentralized trading infrastructure” Eddie Zhang, president of dYdX Labs said, adding “This expansion represents an important step forward as the regulatory environment evolves to accommodate digital assets. By launching with competitive fee structures and spot trading on Solana, we're committed to delivering the deep liquidity and advanced trading tools that professionals demand, while maintaining the transparency and self-custody principles that define decentralized finance.” Read more: dYdX Governance Approves Buyback Increase to 75% of Protocol Revenue dYdX SOL Solana News More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Nexo Agrees to Buy Argentina’s Buenbit to Expand Crypto Services Across Latin America By Francisco Rodrigues , AI Boost | Edited by Sheldon Reback 1 minute ago The deal gives Nexo access to Buenbit's user base and enables it to offer crypto-backed loans, high-yield savings accounts and trading tools. What to know : Nexo agreed to buy Argentina-based Buenbit, expanding the Swiss company's presence in Latin America and gaining regulatory approval to operate in the country. The deal gives Nexo access to Buenbit's user base and enables it to offer crypto-backed loans, high-yield savings accounts and trading tools. Buenos Aires will be Nexo's Latin American headquarters, with plans to grow into Mexico and Peru. 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