# Paradex

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paradex

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.paradex.io
- Latest round: Seed (Jan 13, 2018)
- Investors on record: 3

## About

Paradex is a cryptocurrency trading platform that enables users to easily and securely exchange digital assets. It provides a marketplace that connects buyers and sellers in the crypto economy, facilitating efficient trading experiences.Paradex, founded in 2017, operates as a cryptocurrency trading platform designed for users to exchange digital assets seamlessly. The company's headquarters is located in New York, US. In May 2018, Paradex was acquired by Coinbase, Inc., although the financial details of the deal were not disclosed. The company has been part of a strategy to enhance Coinbase's offerings in the crypto trading space. The founders' background details were not provided, and there are no mentions of pivots in their business strategy.Paradex offers a cryptocurrency trading platform that allows users to buy, sell, and exchange various digital assets. The platform connects users to facilitate peer-to-peer transactions, providing a secure environment for cryptocurrency trades. The service is accessible to individual retail investors and institutional clients alike, expanding its footprint across diverse markets, including North America, Europe, and parts of Asia.Paradex generates revenue through transaction fees levied on trades conducted via its platform. The fee structure varies based on transaction type and volume, ensuring flexibility for users engaging in crypto exchanges. The platform supports both direct-to-consumer and business-to-business transactions, further diversifying its revenue streams.After its acquisition by Coinbase in May 2018, Paradex aims to leverage resources for expanding its product offerings, including enhancing its trading technology and user interface. Plans are in place to target new geographic markets for expansion, focusing on regions that have shown increasing interest in cryptocurrency trading. The recent acquisition is expected to support these initiatives, allowing Paradex to integrate with Coinbase's extensive network and financial backing.

## Funding rounds

- Seed, Jan 13, 2018 — Pantera Capital, Blockchain Capital, Bochsler Finance & Associés SA

## Investors

- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Seed
- Bochsler Finance & Associés SA — Seed