Why Crypto Exchanges Are Replacing Wall Street (it's already happening)

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Anand Gomes, CEO of Paradex, reveals why decentralized exchanges are becoming the new Wall Street - combining banks, brokerages, and clearing houses into one platform with zero fees.

On Black Friday, Paradex processed $5.4 billion in 24 hours with zero outages, proving DEXs are ready to replace traditional finance. Anyone with a mobile wallet now has instant access to financial opportunity that was previously locked behind middlemen.

In this episode:
- Why DEXs are replacing Wall Street
- How zero fees work profitably
- The brutal reality of running crypto exchanges
- Why software eliminated financial middlemen
- Speculation as economic democracy
- How 5 engineers compete with 3,000-person teams
- Why banks must adapt or become irrelevant

0:00 Introduction
1:36 Please Subscribe
2:02 Podcast Galore From Kevin
3:24 Lindy Effect Meaning
7:12 What It Means To Be Built Different From Anand
9:04 Who Are You
10:03 Our Trusted Partners
10:56 Something That’ll Make Everyone Trust You
12:59 What Are People Not Seeing In The Exchange World
17:13 Behind 24/7 Exchanged Are Human Beings
18:14 Explain Paradex And Paradigm
21:22 Paradex Charging Zero Fees, Why?
22:40 How Does Paradex Make Money Without Fees
24:46 Physical Economy Moving On Chain Meaning
28:33 Our Valued Sponsors
29:47 Smart Contracts Was The Missing Piece
31:48 Ethereum Is The Chosen One?
34:07 Decentralized Exchanges Are The New Financial Centres Explained
38:40 Why Can’t Current Banks Or NEO Banks Become Onchain New York
40:55 What Happens To The Traditional Finance Centres
42:39 The Four Components Of A Unified Platform Onchain And Traditional
47:30 Biggest Advantages For Paradex
50:12 Moving Decentralized Exchanges From Casinos To Financial Centres
53:38 How Far Are We From Traditional Centres Being Useless
54:49 Speculation For Price Discovery And Capital Formation Explained
1:00:04 Ownership Economy is Where Markets Will Move To
1:01:25 Something You’re Holding On To That You Should Let Go
1:04:28 One Takeaway For The Audience
1:06:28 Why WSH Partnered With Paradex