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

More than 25 investors participated in the round, including Dragonfly Capital, DCG and Vectr Fintech Partners.

By Parikshit Mishra
AccessTimeIconDec 9, 2021 at 1:54 p.m. UTC
Updated May 11, 2023 at 3:59 p.m. UTC
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Paradigm, a firm that provides liquidity to crypto derivatives traders, raised $35 million in a Series A funding round co-led by 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. Genesis is owned by Digital Currency Group, which also owns CoinDesk.
  • Previous investors Dragonfly Capital, Digital Currency Group, Vectr Fintech Partners and Mirana Ventures, the venture partner of Bybit and BitDAO, also participated.
  • “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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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Parikshit Mishra
    Parikshit Mishra

    Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.

    Follow @parikshitm899 on Twitter

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