Pantera CEO on the FTX collapse: Blockchain didn’t fail – Cryptonium News

Pantera CEO on the FTX collapse: Blockchain didn’t fail

With the prominence of FTX exchanges throughout the financial world, trust in the crypto space seems to be waning. However, Dan Morehead, CEO of Pantera Capital, believes there are two areas in virtual currencies that actually work: the blockchain and the FTX.

According to Driver, claims questioning the blockchain and calling it a failure due to the collapse of the FTX are wrong; Pantera’s CEO argued that there are several things that work in virtual currency, including regulated and decentralized exchanges.

If you can’t trust the FTX, who can you trust?!”

Two-sided answers :

Regulated exchanges like @coinbase, @bitstamp, etc. are great.
DeFi works especially well on DEX (e.g. @Uniswap, @Balancer, @BreederDodo)
Firms are returning to secure facilities.
Read more: https://t. co/Ph0i9IuS9h pic. twitter. com/9E1v1fs0gO- Dan Morehead (@dan_pantera) December 20, 2022

In a letter to investors, Morehead stressed that cryptocurrency critics and skeptical regulators argue that blockchain trading requires a different approach, but the solution is simple. He wrote:.
“On exchanges like Coinbase, Kraken, and Bitstamp, when customers send money, it is deposited into their banks. The solution is very simple.”

In addition to regulated exchanges, the decentralized financial space is also working well, according to Morehead. In particular, the Pantera CEO pointed to decentralized exchanges such as Uniswap, 0x, 1inch, Balancer, and Dodo.

According to Morehead, the blockchain business is returning to such secure facilities. The CEO insisted that FTX had nothing to do with the promise of blockchain and stressed that blockchain has not failed.