This episode is the first installment of our two-part series on the history of crypto exchanges. I’m joined by Nathaniel Whittemore, freelance crypto communications strategist and curator of Long-Reads Sundays on Twitter.

This conversation is part of a larger series we’re doing on crypto exchanges. As part of this series, we’ve already interviewed Binance CEO Changpeng Zhao (CZ), Ivan Poon from Switcheo, & John Jansen from Deribit, among others.

Nathaniel and I are teaming up to write an article about the history of cryptocurrency exchanges.

In this two-part series, we explore the main ideas from that article and share our understanding of how cryptocurrency exchanges and the crypto exchange ecosystem have evolved over time.

This conversation is broken up into 5 chapters:

- Chapter 1: The pre-history of Bitcoin and how regulation from that era still affects us today- Chapter 2: An exploration of the first crypto exchange that launched only a year after Bitcoin went live- Chapter 3: The Mt. Gox story and the fallout caused by that hack- Chapter 4: The rise of ICOs and how that led to the ascendancy of Binance- Chapter 5: Current trends in the crypto exchange ecosystem

In this episode, we cover chapters 1 through 3. In the next episode, we cover chapters 4 through 5.

In this episode we discuss:

• How Binance has continued to innovate even at the risk of self-disruption
• Patterns in the history of exchanges
• How decentralization will change regulation
• What Mt. Gox was and how it got hacked

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