dYdX Founder: Crypto Industry Should Ditch US Customers

Antonio Juliano, the founder of decentralized exchange dYdX, suggests that crypto developers should prioritize serving markets outside the United States for the next five to 10 years.

He shared with his 49,400 followers on social media platform X that the regulatory uncertainty in the US is not worth the “hassle” or “compromises.”

Juliano advises that it would be better for crypto builders to develop their products in other countries and then return to the US in a stronger position.

“Crypto builders should just give up serving US customers for now and try to re-enter in 5-10 years It’s not really worth the hassle/compromises. Most of the market is overseas anyway. Innovate there, find PMF (product market fit), then come back with more leverage…

The only thing that matters for all of us is crypto finding 10x stronger product market fit. *You don’t need to have perfect distribution to iterate and find a strong product-market fit.* There [are] plenty of big overseas markets to experiment in.”

According to Juliano, advocating for more favorable crypto regulations can be a lengthy process. However, it may be expedited if developers create products that consumers desire.

It’s crucial to recognize the significance of US crypto policy work, as it takes a significant amount of time and has a major impact on the rest of the world. Currently, crypto lacks widespread usage and market fit, which limits its influence on policymaking.

The key is to develop highly popular products that users demand, which will give them more power to influence policy decisions.

Juliano believes that Americans will eventually realize the alignment between crypto and US values.

A financial system that is designed for the people, by the people, and for the people is a perfect embodiment of American values and capitalism. This is the ultimate goal of crypto development.