dYdX has integrated MoonPay’s fiat on-ramp into its mobile application, allowing users to deposit funds directly from bank accounts using credit or debit cards, Apple Pay, and Google Pay. This update transforms the user journey from traditional banking to leveraged perpetual futures in approximately three taps.
The integration is live on both iOS and Android platforms. Users can convert fiat currency directly into USDC, which serves as the primary collateral for trading on the decentralized exchange. MoonPay operates in over 160 countries, providing immediate global reach for this feature.
This move expands upon dYdX’s previous partnership with Banxa, which began facilitating USDC purchases in January 2025. Rather than replacing existing options, the MoonPay integration offers additional payment rails, reflecting a broader industry trend where decentralized exchanges prioritize frictionless entry points. MoonPay recently launched similar integrations with competitors like Hyperliquid.
While dYdX cites this mobile fiat deposit feature as a core improvement in its 2025 annual report, regulatory risks remain. MoonPay handles Know Your Customer (KYC) and compliance protocols, but the ease of accessing leveraged crypto derivatives through familiar payment methods may attract scrutiny from regulators in jurisdictions already monitoring crypto derivatives closely.