DYdX Trading Founder Antonio Juliano returns as CEO after stepping away for six months

Antonio Juliano has returned as the CEO of dYdX DYDX +1.61% Trading, developer of the decentralized derivatives exchange dYdX, after stepping away from the role for six months.

After founding dYdX Trading, Juliano noted that his motivations for serving as the CEO have shifted during his time at the company. Achievement and reaching external goals initially motivated him for years, Juliano wrote in a Thursday post , then the connections he formed with his coworkers. All the while, he's grappled with the influence he has as a founder, akin to a firm's "biological parent," over the company's future.

"I finally feel ready to fully accept my role in what I created, and so, today I am back as CEO," Juliano added. "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."

Juliano stepped away as dYdX Trading CEO on May 13 due to personal and professional reasons, The Block previously reported. He became the firm's chairman and president, with Ivo Crnkovic-Rubsamen assuming the CEO position.

DYdX is the fifth largest decentralized derivatives exchange by total value locked, with the DeFi data tracker DeFiLlama showing it holds $306.6 million . The platform's token DYDX traded at $0.91 as of 9:51 a.m. ET (13:51 UTC), experiencing a 4.44% increase in the past 24 hours, according to The Block Prices.