The round values the company at $400M and was co-led by Jump Capital and Alameda Ventures. The Company is bridging the infrastructure gap between crypto and traditional finance by serving as a liquidity access point to institutional buyers and sellers for large and/or complex derivatives trades across both CeFi and DeFi markets.

Over 25 investors participated in the Series A, including Genesis Trading, QCP Capital, Nexo, Optiver US, IMC, GSR, Akuna Capital, Babel Finance, MGNR, Avon Ventures, CMT Digital, executives at Goldentree Asset Management and Amber Group. Investors from previous seed rounds Dragonfly Capital, Digital Currency Group, Vectr Fintech Partners and Mirana Ventures, Venture Partner of Bybit and BitDAO also participated.

Paradigm is a zero-fee, institutional liquidity network for derivatives traders across CeFi and DeFi. The platform provides traders with unified access to multi-asset, multi-protocol liquidity on demand without compromising on execution preferences, costs and immediacy. The firm's mission is to create a platform where traders can trade anything, with anyone and settle it anywhere.