Coinbase Continues Acquisition Spree with Paradex Buyout
- Paradex app will be temporarily unavailable, starting today, as the company is integrating its services with Coinbase.
San Francisco-based cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Coinbase has acquired Paradex, a peer-to-peer Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for ERC20 tokens, the companies announced on Wednesday.
Paradex is built on top of the 0x protocol, which allows for exchange settlement without the need for user accounts or taking custodianship of their funds.
The decentralized exchange solves the problems of trust and third-party reliance as Paradex users maintain absolute control of their tokens right up until the point where their trades are validated and finalized.
The Paradex platform was developed by a Malta-based startup and the company’s CEO Ron Bernstein has a two-decade experience of commodity futures markets.
More details will be coming out in the next few days, but financial terms of the deal are not expected to be disclosed.
It’s the sixth acquisition Coinbase has made to date and the third since poaching LinkedIn’s mergers and acquisitions boss Emilie Choi.
The Paradex app will be temporarily unavailable, starting today, as the company is integrating its services with Coinbase.
Interestingly, Coinbase’s blog post announcing the acquisition said it will eventually offer its US customers access to Paradex services but after deploying certain changes for compliance purposes.
Commenting on the news, Paradex’s statement states: “It was clear from our first conversations with Coinbase that the excitement and optimism was mutual. Like Coinbase, we believe wholeheartedly in the power of an open financial system; it’s paramount to what we’re working towards at Paradex. In our next steps together, we’ll continue to build out the existing Paradex roadmap and continue to explore the world of decentralization and the amazing opportunities at hand.”
San Francisco-based cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Coinbase has acquired Paradex, a peer-to-peer Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for ERC20 tokens, the companies announced on Wednesday.
Paradex is built on top of the 0x protocol, which allows for exchange settlement without the need for user accounts or taking custodianship of their funds.
The decentralized exchange solves the problems of trust and third-party reliance as Paradex users maintain absolute control of their tokens right up until the point where their trades are validated and finalized.
The Paradex platform was developed by a Malta-based startup and the company’s CEO Ron Bernstein has a two-decade experience of commodity futures markets.
More details will be coming out in the next few days, but financial terms of the deal are not expected to be disclosed.
It’s the sixth acquisition Coinbase has made to date and the third since poaching LinkedIn’s mergers and acquisitions boss Emilie Choi.
The Paradex app will be temporarily unavailable, starting today, as the company is integrating its services with Coinbase.
Interestingly, Coinbase’s blog post announcing the acquisition said it will eventually offer its US customers access to Paradex services but after deploying certain changes for compliance purposes.
Commenting on the news, Paradex’s statement states: “It was clear from our first conversations with Coinbase that the excitement and optimism was mutual. Like Coinbase, we believe wholeheartedly in the power of an open financial system; it’s paramount to what we’re working towards at Paradex. In our next steps together, we’ll continue to build out the existing Paradex roadmap and continue to explore the world of decentralization and the amazing opportunities at hand.”