Velodrome Review (October 2026): Fees, US States and Licenses

Best for: OP Stack chain swaps

5.1/10

US access 20%9.0
Regulation 20%3.0
Security record 15%7.0
Cost 15%5.0
Range 10%4.3
Popularity 15%1.0
Data quality 5%7.0

By Vahe Hakobyan Verified October 5, 2026 Medium confidence No affiliate links

Taker fee— Not verified
US states— Not verified
New York— Not verified
Coins— Not verified
CustodyNon-custodial
App Store— Not verified

Our verdict

Velodrome is a vote-escrow automated market maker that started on Optimism and now runs on about ten OP Stack chains. Holders who lock VELO vote on emissions and receive protocol fees and incentives. DefiLlama showed about $41 million in TVL, mostly on OP Mainnet, and $606 million in 30-day volume on October 5, 2026.

Pros

Runs on about ten OP Stack chains
Protocol fees are paid to veVELO voters
About $606 million in 30-day volume

Cons

TVL about $41 million, small for a multichain exchange
Legal terms did not load; US access unverified
Audit list not verified

Velodrome fees

Maker / taker: — Not verified
Simple buy: Pool swap fee, 0.02% by default, up to 1% per pool; network gas extra
Volume tiers: Default trading fee for both pool types is 0.02%, adjustable per pool up to 1%; fees go to veVELO voters
ACH deposit: — Not verified
Wire deposit: — Not verified
Card purchase: — Not verified
USD withdrawal: — Not verified
Crypto withdrawal: Network fee only
Minimum deposit: — Not verified

Is Velodrome available in my state?

No US restriction could be confirmed or ruled out: Velodrome's legal page is JavaScript-only and did not load on 2026-10-05.

The list of states this platform serves is not verified yet.

New York: — Not verified
ID check (KYC): No
Withdraw crypto: Yes
Funding: Crypto

Is Velodrome regulated?

US operator: — Not verified
Parent company: — Not verified
State licenses: — Not verified
New York license: — Not verified
Founded: — Not verified
Headquarters: — Not verified

How secure is Velodrome?

Proof of reserves: N/A (non-custodial)
Audits: — Not verified
Insurance: — Not verified

Incidents since 2019

None found in the sources checked.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on Velodrome

Spot
Earn

Apps: Web
Support: — Not verified

Velodrome FAQ

What are Velodrome's fees?

Simple buy: Pool swap fee, 0.02% by default, up to 1% per pool; network gas extra.

Can I withdraw crypto from Velodrome to my own wallet?

Yes. Velodrome lets US users send crypto to an external wallet.

Does Velodrome require ID verification?

No account or ID check is needed for on-chain swaps on Velodrome.

Alternatives to Velodrome

Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.