- Antonio Juliano announced his resignation as dYdX Trading Inc.’s CEO, citing both work and personal obligations.
- Juliano will become Chairman and President, with Ivo Crnkovic-Rubsamen becoming CEO.
The creator of the decentralized derivatives exchange dYdX, Antonio Juliano, DYDX Trading Inc., has resigned as CEO, citing both personal and professional reasons.
The stakeholders, employees, and internal team didn’t undergo a sudden change.
The spokesperson stated, “The SEC has not taken action against dYdX Trading,” in response to a question about whether regulatory concerns were the reason behind the resignation. We are not expecting to receive a Wells notice and have not received one.
After completing the first dYdX whitepaper in 2017, Juliano has been through a “rollercoaster” of emotions. He wrote in a blog post on Monday that there were numerous occasions when he felt so overwhelmed that he wanted to give up.
Though Juliano said he “didn’t actually have to run his own company” and that he was “profoundly personally satisfied,” he acknowledged that he cannot be replaced as dYdX’s founder, but he may be changed as CEO.
As CEO, Ivo Crnkovic-Rubsamen assumes leadership
Juliano said that his longtime friend and business colleague Ivo Crnkovic-Rubsamen was ready to take over as CEO after he had stepped back progressively over the past two years.
dYdX’s vision remains large. It will take decades to build DeFi into everything it will become
— Antonio | dYdX (@AntonioMJuliano) May 13, 2024
I feel driven to my continued part in this as the founder & leader of dYdX
Towards this goal, I am transitioning from CEO to President of dYdX Trading Inc.https://t.co/wgu4nWfqVT
Juliano went on, “As a result of all of this, I will be leaving my position as CEO of dYdX Trading Inc. and taking on the role of Chairman and President.”
Juliano went on, “I have no idea what I’ll do, and I have no plans for what comes next for me.” The founder of dYdX did, however, state that he would still be in charge of big choices and strategy and that he would collaborate closely with Crnkovic-Rubsamen to oversee daily operations.
dYdX is not yet complete. Not even near,” he continued. “This is the best opportunity in a long time. Derivatives will play a major role in DeFi, which is increasingly clear to be the dominating use case for crypto. Decades from now, what we build will become clear. I’m still ecstatic about that adventure and my new role in it.
Following the news, the price of dYdX stayed unchanged and is currently trading at $2.1.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
