Pantera CEO Dan Morehead defends blockchain technology and unrelates the technology to FTX failure.
that while crypto detractors and skeptical regulators want are purporting the need for a different approach in blockchain trading, the solution is simple. He wrote:
“There are exchanges like Coinbase, Kraken, and Bitstamp that, when a client sends money to them, they just put it in a bank. The solution is pretty straightforward.” Apart from regulated exchanges, Morehead also believes that the decentralized finance space also worked well. Specifically, the Pantera CEO pointed toward decentralized exchanges like Uniswap, 0x, 1inch, Balancer and Dodo.
According to Morehead, business in the blockchain space is moving back to safe entities like such. The executive argued that FTX had nothing to do with blockchain's promise, highlighting that"blockchain didn't fail."
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