Among the plans of Paradigm is integrating support for operations within the sector DeFi, This will allow traditional and institutional investors to participate in this market.
The company operating in the market an area or arena, online or offline, in which commercial dealings are conducted. of cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. derivatives,Paradigm, recently closed a round of funding in which it raised about $35 million, bringing the company’s overall value to over $400 million today.
Paradigm raises $35 million in new round of funding
This was indicated by the team ofParadigm in a statement released today, in which he indicated that the round was led byJump Capital capital is most commonly defined as the large sum of money you would use to invest. yAlameda Research, two entities with a long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. history in the digital currency currency is a medium of exchange that defines value. ecosystem. In addition to the aforementioned companies, the fundraising had a total of 25 investors, includingGSR Markets, Genesis Trading, QCP Capital, Fidelity Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. Assets, IMC y Optiver.
As such,Paradigm figures as one of the platforms that makes its way into the crypto market with great speed, since 2019 it offers its users the possibility of trading large amounts of capital in contracts for options and futures, currently moving an average of USD $10 billion per month, which would come to be about 30% of the capital that moves within the said market.
In relation to this new round of financing and the results capitalized byParadigm, one of the representatives of the company commented in an interview:
“Basically, we have undergone a massive transformation in the last 12 months. Our primary role is to serve as a liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. access point for crypto derivatives. We first solved this problem for options, but our ambition has always been to scale this solution to other assets and venues.”
The plans ofParadigm
About the plans for the capital, the representative shared:
“We are focused on establishing a solid network a network refers to all nodes in the operation of a blockchain at any given moment in time. before monetizing. This round of funding allows us to continue to build our network of institutional merchants, CeFi exchanges and DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. protocols, while enhancing our 24/7 customer support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. and expanding our current product offering to better meet the needs of our customers.”
Let’s keep in mind that among the plans ofParadigm is linking up with the decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. finance sector(DeFi), so it is currently working to make this possible, and thereby open the door to people who operate in traditional markets and institutional investors.
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Version by Angel Di Matteo /DiarioBitcoin