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# Jack Dorsey discusses plans to build a platform for decentralized Bitcoin exchanges
- URL: https://btcpeers.com/jack-dorsey-discusses-plans-to-build-a-platform-for-decentralized-bitcoin-exchanges-2/
- Published: 2021-08-28T19:36:37.000Z
- Updated: 2023-09-24T15:42:41.000Z
- Author: John Williams
- Tags: News, #saudu, #Import 2025-12-27 14:07

Square CEO Jack Dorsey has revealed that the next move in the firm’s Bitcoin venture is to develop a decentralized exchange.

Dorsey tweeted on Friday that the “TBD” (as he called it) would center its resources on building a decentralized exchange for Bitcoin.

> We’ve determined @TDB54566975’s direction: help us build an open platform to create a decentralized exchange for #Bitcoin https://t.co/jHYWHy1qmu
> 
> — jack⚡️ (@jack) August 27, 2021

The Mike Brock-led project aims to *“make it easy to fund a non-custodial wallet anywhere in the world through a platform to build on- and off-ramps into Bitcoin.”* The platform is likely be “Bitcoin-native, top to bottom,” as well as completely open-source and permissionless, according to the company.

*“Our idea for the fiat DEX is something the end user shouldn't even need to know is there, and any wallet or service can integrate with,”* Brock said.

He also noted that the exchange would fully operate within Anti-Money Laundering and Know Your Customer laws.

Dorsey put out a hint in July that Square was developing Bitcoin-based non-custodial, permissionless, and decentralized financial services.

> Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is #Bitcoin. Its name is TBD.
> 
> — jack⚡️ (@jack) July 15, 2021

The unveiling of TBD came after Square revealed its plans to explore the development of an open-source wallet.

> Square is considering making a hardware wallet for #bitcoin. If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community. We want to kick off this thinking the right way: by sharing some of our guiding principles.
> 
> — jack⚡️ (@jack) June 4, 2021

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