Crypto Derivative Firm Paradigm Raises $35M From Jump Capital, Alameda Ventures, Others

Paradigm, a firm that provides liquidity to crypto derivatives traders, raised $35 million in a Series A funding round co-led by venture capitalists Jump Capital and Alameda Ventures.

The round values the firm at $400 million, Paradigm said in a press release on Thursday.Over 25 other investors also participated in the Series A, including Genesis Trading, QCP Capital, Nexo and Optiver US.Previous investors Dragonfly Capital, Digital Currency Group, Vectr Fintech Partners and Mirana Ventures, Venture Partner of Bybit and BitDAO also participated. Digital Currency Group is the owner of CoinDesk.“Institutional infrastructure in crypto capital markets is still nascent and liquidity highly fragmented. Paradigm is disrupting that by providing a single point of access to global liquidity and a unified execution and settlement layer to most institutional traders in the world,” said Saurabh Sharma, a partner at Jump Capital.Paradigm is not related to the investment company Paradigm Capital.

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