Crypto has 4 years to expand to a size too large to be stopped: Kain Warwick, Infinex

Kain Warwick, the mastermind behind Synthetix and now the user-friendly Infinex, believes that cryptocurrency has a limited window of four years to reach a level where it’s immune to interference.

In an interview with us at Near’s Redacted conference in Bangkok, Warwick shared his vision for Infinex and the crypto industry as a whole. He believes that within the next four years, achieving mass adoption and bringing billions of users onto the blockchain will solidify cryptocurrency’s future.

Infinex is Warwick’s solution to the risks associated with centralized platforms like FTX and BlockFi. It aims to combine the ease of use found in traditional exchanges with the transparency of decentralized finance. While it’s not entirely uncensorable due to its single office location in Sydney, Infinex operates on a non-custodial basis, ensuring that users can access their assets even if the platform faces disruptions.

The ultimate goal for Infinex, according to Warwick, is to become so indispensable and widely used that attempts to shut it down would be futile. He likens this strategy to the success of Uber, which has become too useful to be suspended.

While Infinex is still in its early stages, it plans to expand its offerings to include trading the top 500 cryptocurrencies by market cap in early 2025. Warwick also mentioned a collaboration with Near Protocol to simplify decentralized crosschain swaps. Passkeys, a feature that he hopes will replace seed phrases, will be central to attracting retail users to the platform.

Security concerns were raised after a user lost $400,000 worth of Patron NFTs on Infinex due to a Trojan virus. Warwick acknowledged that relying more heavily on passkeys could have prevented this loss. Nonetheless, Infinex’s recent Patron NFT sale raised over $67 million, signaling strong support for the project’s growth.

Although Warwick noted that some pricing decisions were not as successful as anticipated, he emphasized the importance of community engagement and user preference in shaping Infinex’s future. Despite these challenges, the project continues to push forward in its mission to revolutionize cryptocurrency trading.