Telegram founder Pavel Durov has announced plans by the messaging platform to unveil decentralized cryptocurrency products, including a crypto exchange and non-custodial wallets. 

According to Durov, the new venture seeks to rectify the existing centralization of cryptocurrency entities, a factor he noted has let down millions of users with reference to the FTX exchange collapse.

Durov further pointed out that the current blockchain ecosystem has deviated from its founding principle of promoting decentralization.

(by Paul L.)