When FTX's cryptocurrency empire crumbled almost overnight in 2022, the shockwaves rippled through the entire digital asset ecosystem. That catastrophic collapse, followed by contagion effects across the market, became a turning point for several entrepreneurs. Amid the fallout and lessons learned, some builders saw an opportunity rather than just devastation. One such founder made the bold decision to launch a decentralized cryptocurrency exchange, betting that the market's appetite for alternatives to centralized platforms would only grow stronger following such a high-profile failure. The 2022 FTX implosion essentially accelerated what many in the crypto space had long advocated—moving toward more transparent, non-custodial trading infrastructure where users maintain control of their assets.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
6
Repost
Share
Comment
0/400
GamefiEscapeArtist
· 12-19 20:54
Survivorship bias, huh? After FTX's collapse, a bunch of people rush out to tell their grand narratives...
View OriginalReply0
StablecoinAnxiety
· 12-19 20:50
The FTX bankruptcy really woke up the entire community. Some see it as an opportunity, and they're still quite bold.
View OriginalReply0
ser_ngmi
· 12-19 20:43
FTX's downfall was truly a bloodbath, but on the other hand, it actually confirmed the necessity of decentralized exchanges. It should have been like this a long time ago.
View OriginalReply0
ser_we_are_ngmi
· 12-19 20:40
The FTX collapse really nailed the coffin shut for centralized exchanges. Who still dares to keep their coins on exchanges now?
View OriginalReply0
VitaliksTwin
· 12-19 20:35
Really, that wave of FTX made me see many people's true colors clearly, and it actually accelerated the process of decentralization. Ironically.
When FTX's cryptocurrency empire crumbled almost overnight in 2022, the shockwaves rippled through the entire digital asset ecosystem. That catastrophic collapse, followed by contagion effects across the market, became a turning point for several entrepreneurs. Amid the fallout and lessons learned, some builders saw an opportunity rather than just devastation. One such founder made the bold decision to launch a decentralized cryptocurrency exchange, betting that the market's appetite for alternatives to centralized platforms would only grow stronger following such a high-profile failure. The 2022 FTX implosion essentially accelerated what many in the crypto space had long advocated—moving toward more transparent, non-custodial trading infrastructure where users maintain control of their assets.