Why the Crypto Markets Seem So Broken and How They Get Fixed After 10/10

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 10 March 2026

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rob Hadick and Gracy Chen dig into Bitget's universal exchange shift as more crypto exchanges look to become an “everything app.” Plus, Gracy lets slip details of U.S. plans and how it ties to its transfer of BGB ownership. Bits + Bips is spreading its wings Starting soon, new episodes will only be published on our brand‑new feeds. What you need to do: Click the links below. ⁠YouTube⁠ ⁠Apple⁠ ⁠Spotify⁠ ⁠X⁠ Smash Follow or Subscribe. 🎉 Done. Bitget since September has said it is much more than a centralized cryptocurrency exchange. Dragonfly General Partner Rob Hadick and Bitget CEO Gracy Chen peel back Bitget's universal exchange branding to reveal the trends driving the company's expansion and really that of other exchanges both in TradFi and crypto. The main takeaway? “Users want a place to trade everything.” Gracy also teases Bitget's U.S. market entry plans and lets slip the real reason the company transferred ownership of BGB. Plus, why Gracy is not so optimistic about AI agents materially impacting the crypto market and what Rob says needs to happen for altcoins to accrue value again. He says it is no longer a market where everything goes up and down together. Guests: Rob Hadick, General Partner at Dragonfly Gracy Chen, CEO at Bitget, previous appearances on Unchained: Why All Financial Institutions Are 'All Systems Go' on Stablecoins Stablecoins Are Popping Up Everywhere. What's the End Game? When a Crypto Treasury Company Is and Isn't Worth a Premium Why Crypto Has 'a Good Setup' for the Long Term Right Now: Bits + Bips Links: Unchained: Inside Robinhood’s Big Super App Plan: ‘There’s Still a Lot of Work to Be Done’ Coinbase Launches Stock Trading and Prediction Markets Crypto’s Black Friday Was Its Largest Liquidation Ever. What the Hell Happened? Uneasy Money: Why Peter Steinberger and Non-Crypto People Hate the Crypto Mob Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Could AI help you do more of what you love? Workday is the next-gen ERP powered by AI that actually
0:06.8	knows your business. We help you handle the have-to-dos so you can focus on the can't-wait-to-dos.
0:13.1	It's a new workday.
0:15.1	Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto. I'm your host,
0:19.7	Laura Shin. Thanks for joining this live stream. Before we get started, a quick reminder, nothing new here on Unchained is investment device. This show is for informational and entertainment purposes only, and my guest tonight may hold assets discussed on the show. For more disclosures, visit Unchained Crypto.com. Quick note before we get into today's episode. Bits and Bits Now has its dedicated feed. We're spinning off from the Unchained Feed and moving to a new podcast and YouTube channel. So if you want to keep up with our weekly live streams and macro meets, crypto breakdowns. Make sure to subscribe to Bits and Bips directly. We won't publish there until March, but subscribe today so you can be ready for launch.
0:54.5	Be sure to subscribe to the new feeds at unchained crypto.com slash bits and bits.
1:01.7	Today's topic is the crypto markets. Here to discuss are Rob Haddock, general partner at
1:06.3	Dragonfly Capital and Gracie Chen, CEO of BitGut. Welcome, Rob and Gracie.
1:12.6	Thanks for having me, Laura. Hi everyone. So in 2025, we saw FinTech and Crypto start to converge on the same competitive space.
1:21.6	There's been a few attempts to create an Everything app, and we're already seeing some of the players maybe pivot
1:29.6	away from that while others are continuing in that track. This is a concept that's actually
1:33.8	mostly from Asia. We chat is probably the most commonly cited example of that. And meanwhile,
1:40.8	we are seeing others like BitGat, Robin Hood, just merging crypto and Tradfi.
1:46.7	And BitGet is a prime example with its universal exchange.
1:50.4	So Gracie, I would love to hear more about the universal exchange and what your vision
1:56.3	is for that.
1:57.4	Sure.
1:58.4	Yeah, in crypto world, we are very familiar with the term CX and DX, centralized changes and
2:05.6	decentralized changes.
2:06.6	After FTX collapsed, there were a lot of debate on whether there should be more D-E-FI trading
2:13.6	DEX and maybe CX have too much power because we are the custodial platform together
2:20.6	with the trading platform and some users also have their assets on CXs doing some earning
	...

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