dYdX Founder Steps Down As CEO, Takes On Chairman And President Roles

According to PANews, Antonio Juliano, the founder of dYdX, has announced his resignation as CEO of dYdX Trading Inc. He will transition to the roles of Chairman and President, while the company's operating partner, Ivo Crnkovic-Rubsamen, will take over as the new CEO. Juliano stated that he realized he did not need to run his own company. He emphasized that he is, and always will be, the founder of dYdX. When he realized he did not need to be the CEO, he began guiding other leaders in the company on their own leadership journeys until one was ready to run the company personally. He recognized earlier this year that this person was his long-time friend and operating partner, Ivo Crnkovic-Rubsamen, who was fully prepared to take over the company. Juliano also expressed that dYdX is far from finished and that the current opportunities are greater than ever before. He believes that DeFi will become the main use of cryptocurrency and derivatives will play a significant role in it, which has become very clear.