“You have been dedicated teammates through the good and bad. You continued to build dYdX, even when I did not.”
Antonio Juliano
Per Juliano’s statement, the decision to let go “was a realization that the company we’ve built is different from the company dYdX must be.” He did not specify which roles or departments were impacted by the reorganization.
The reasoning behind this move remains unclear, but it comes shortly after Juliano’s return as dYdX CEO just a few weeks ago, following a six-month hiatus. Upon his return, Juliano highlighted the necessity of founder-led leadership to revitalize the company amid heightened competition and market challenges.
Founded in 2017, dYdX is a decentralized exchange that enables users to trade crypto and engage in various financial services, such as margin trading and lending, without the need for a centralized intermediary like rivals such as Coinbase or Binance.
