dYdX Adds MoonPay Onramp, Enabling Fiat Deposits via Apple Pay, Google Pay, and Cards

dYdX has rolled out a new fiat onramp in its mobile app through an integration with MoonPay, allowing users to fund accounts using credit and debit cards, Apple Pay, and Google Pay. The feature is now live on both iOS and Android. With the update, users can convert fiat directly into USDC inside the app. USDC is used as the platform's collateral currency for trading, giving users a faster path from traditional payments to leveraged perpetual futures. MoonPay's payment coverage spans more than 160 countries, giving the rollout immediate global reach. dYdX has been building out fiat access for some time. The exchange previously partnered with Banxa, which began enabling USDC purchases through multiple payment methods on January 24, 2025. The MoonPay addition broadens dYdX's onramp lineup rather than replacing Banxa, increasing the number of ways users can move funds onto the platform. The launch comes as other decentralized exchanges adopt similar setups. MoonPay recently introduced a comparable integration with Hyperliquid, another perpetual futures DEX, underscoring its push into decentralized trading. dYdX highlighted mobile fiat deposits as a key product improvement in its 2025 annual report. MoonPay manages KYC and compliance on its side, though making leveraged crypto derivatives more accessible through mainstream payment methods could attract greater regulatory scrutiny, especially in jurisdictions already focused on crypto derivatives.