The founder of dYdX argued that early-stage crypto projects could scale faster by not serving U.S. customers, as they won’t have to deal with the hassles of the U.S. regulatory climate.
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Antonio Juliano, the founder of the decentralized exchange dYdX, thinks that crypto builders should forget about serving customers in the United States over the next five to 10 years. Instead, he said builders should experiment in other markets and return once the time is right.
In an Aug. 25 X (formerly Twitter) thread, Juliano argued that builders should prioritize markets outside the U.S., as they will face fewer hurdles as they focus on platform growth and user adoption.
Juliano’s comments were mainly focused on startups as opposed to fully established projects, and he emphasized that they could scale faster overseas in friendlier markets:
“In the grand scheme of things barely anyone uses or cares about crypto today. I personally don’t care about any outcome except growing crypto 100x+ long term,” he added.
Crypto is aligned with American values. What could be more American & capitalist than a financial system of the people, by the people, and for the people
That is literally what we’re building here. America will realize that eventually
Wintermute CEO Evgeny Gaevoy also chimed in on the topic by agreeing with Juliano, adding: “Only I think it will be either 2-3 years if crypto is successful or never if it is not.”
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