By Hannah Lang

(Reuters) -One of the top decentralized cryptocurrency trading platforms, dYdX, is preparing to enter the U.S. market by the end of the year, in a shift for the derivatives-focused exchange that was previously not available to American users, the president of dYdX told Reuters in an interview.

Unlike centralized exchanges like Coinbase and Kraken that act as the intermediary between buyers and sellers, decentralized platforms like dYdX aim to cut out the middleman and allow users to transact directly on a blockchain network, which powers cryptocurrencies.

DYdX specializes in perpetual contracts, a type of derivative that lets traders speculate on the price of an asset without actually owning it, and unlike traditional futures, does not have an expiration date. It recently

See Full Page