dYdX Founder Antonio Juliano Returns as CEO amid Challenging Market

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Hongji Feng

Hongji Feng

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Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

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October 10, 2024 10:57 EDT

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Antonio Juliano, the founder of dYdX, officially returned as CEO on Thursday, October 10, 2024, following a six-month hiatus, to tackle the company’s challenges and navigate the growing competitive pressures in the market.

Juliano’s decision to return stems from the need for strong, founder-led leadership as dYdX confronts competitive pressures and a lack of clear direction.

By taking direct control, he intends to guide the company through the ongoing tough cryptocurrency market environment.

Antonio Juliano Returns as CEO After Six-Month Break

Juliano plans to take direct control, tackling the challenges ahead and steering dYdX through the ongoing tough market environment.

He highlighted the unique role a founder plays in driving change and revitalizing the company.

“I realize now why the leadership that’s needed must come from the founder,” he said. “As the founder, nobody will ever care or believe the way the founder does. It is theirs. That can’t be replicated.”

Juliano explained that his time away allowed him to reflect deeply on his role at dYdX.

Although stepping back gave him personal freedom, Juliano’s connection to dYdX remained strong.

This realization ultimately led him to fully embrace his role once again.

Antonio Juliano’s Renewed Purpose at dYdX

Juliano acknowledged that while dYdX operated efficiently during his absence, the company needed a renewed sense of direction and vision.

“Execution went well, but I saw everyone slowly start to ask, ‘Wait…what are we really doing here again?’” he stated.

His return, Juliano explained, is fueled by a deeper sense of purpose, with a renewed focus on leading dYdX through the current tough market environment.

“I finally feel ready to fully accept my role in what I created, and so, today I am back as CEO. I believe I am coming back with both the drive I felt for the first five years, and the wisdom I’ve found in the last two,” said Juliano.

Juliano founded dYdX in 2017, following his work on Weipoint, a decentralized app search engine that struggled to gain users, prompting him to create something more impactful for the market.