Coinbase Continues Acquisition Spree with Paradex Buyout
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Coinbase Continues Acquisition Spree with Paradex Buyout
San Francisco-based cryptocurrency exchange Coinbase has acquired Paradex, a peer-to-peer trading platform 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.
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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 ... (read more)
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