Crypto Builders Urged to Prioritize International Markets over U.S. Customers, Says dYdX Founder
Summary:
Founder of decentralized exchange dYdX, Antonio Juliano, advises crypto builders to focus on international markets instead of serving customers in the U.S. for the next 5-10 years. He suggests that by prioritizing growth and adoption overseas, builders can return with more leverage in the future. Juliano believes that the U.S. lacks clear regulations and suggests exploring other markets to find product-market fit before re-entering. Coinbase CEO Brian Armstrong offers a different perspective, predicting a shorter timeline for progress in the U.S.
Antonio Juliano, the creator of decentralized exchange dYdX, suggests that cryptocurrency builders should shift their focus away from serving customers in the United States for the next five to 10 years. He advises them to explore other markets and return when the timing is more favorable. Juliano explains that prioritizing markets outside the U.S. allows for smoother platform growth and user adoption due to fewer obstacles. He particularly emphasizes that startups, rather than established businesses, can scale more rapidly in friendlier international markets. Juliano believes that crypto builders should cease serving U.S. customers temporarily, prioritize innovation in overseas markets, and then re-enter the U.S. with increased leverage. He asserts that the majority of the crypto market is currently overseas and encourages builders to find product-market fit in those regions. Juliano states that the ultimate goal is to grow crypto exponentially in the long term, regardless of the current limited adoption. He emphasizes that crypto aligns with American values of a financial system created and controlled by the people.
Published At
8/26/2023 2:50:46 AM
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