- Justin Sun shared his opinion on spot Bitcoin ETFs and the further development of the crypto market.
- He spoke about the decentralization of trading platforms and the creation of HTX DAO.
Justin Sun, founder of the Tron project and advisor to the HTX cryptocurrency exchange, assessed spot Bitcoin ETFs and the prospects for further development of the crypto market. In a recent interview he statedthat in the future all trading platforms will become decentralized.
Justin Sun began by discussing the implications of the approval of spot Bitcoin ETFs in the US. He gave a positive assessment of the new product and suggested that its launch will be one of the factors in the beginning of the bull market.
“I am quite optimistic about the recovery of the crypto market this year and see a number of positive developments,” Sun said.
The founder of the Tron project believes that over time all trading platforms will become decentralized. According to him, the concept of decentralization corresponds to the “true vision of blockchain.” Meanwhile, he emphasized the crucial role of transparency and security in the decentralization of cryptocurrency exchanges.
Next, Justin Sun highlighted the concept of democratic governance of cryptocurrency exchanges and talked about the creation of an autonomous decentralized organization HTX DAO.
According to him, HTX DAO clients will be able to participate in voting and influence the development of the trading platform. The founder of Tron also mentioned the conversion of HT tokens to HTX, which will reduce trading fees and stimulate interest in DAO.
Justin Sun previously reported burning 41 million HT as part of the token conversion to HTX. Asset conversion will be available from January 22, 2024 to January 20, 2025.
We also wrote that Justin Sun announced the readiness of Tron and the HTX exchange to cooperate with the UN in the fight against fraud and money laundering.