BREAKDOWN: Jack Dorsey Is Building a Decentralized Exchange for Bitcoin

Can Square make DeFi on Bitcoin a thing?

This episode is sponsored by NYDIG.

Today on the Brief:

  • NFTs have a monster month
  • Centre’s global network of stablecoins
  • The Cuban government to recognize crypto

Our main discussion:

In July, Jack Dorsey, the CEO of Twitter and payments company Square, announced that Square was launching a new division focused on building decentralized infrastructure around Bitcoin. At the end of last week, we got more details about where Square is starting. The TBD division is going to kick off by building a decentralized exchange focused on bitcoin. NLW explores the reaction. 

NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Joe Raedle/Getty Images News, modified by CoinDesk.

See Privacy Policy at and California Privacy Notice at