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Paradigm
Liquidity for crypto derivative traders
- 21-100 employees
- Fintech
- B2C
- Cryptocurrency
- SaaS
- Financial District, New York, NY
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Company mission
To bring on-demand liquidity for traders, anytime and anywhere without compromises.
Our take
For traders, finding liquidity that suits them, particularly when it comes to large or complex trades, is not often easy. The liquidity market is fragmented, leaving traders to source and process quotes manually and slowly. This is what Paradigm aims to change with its Liquidity Network - a one-stop shop for crypto derivatives traders seeking liquidity.
Essentially, Paradigm puts all your options in one place, and that simplicity means that traders generally get better-than-market prices too. It’s free-to-use and offers something that hasn’t really existed before.
It’s a specific market, but a wealthy one. And with over 600 institutions using the network, the average value traded monthly through Paradigm is about $10 billion. Its recent funding acquisition is being focused on expanding its network and enhancing its customers service output.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Unlimited paid time off: Take the time you need to recharge
- Full health benefits: Medical, dental, vision, flexible savings account
- 401k/Roth: Retirement savings account
- Technology allowance: $5000 first-year budget to spend on work tech
Company values
- Customer Centricity: We obsess over our customers. We work vigorously to deeply understand what their needs are and clearly define the problem we are solving for them
- Ownership: We are all owners. We lead by example and hold each other accountable to delivering on what we promise. We think long-term, set big goals, communicate clear direction and drive results within our teams and with our partners
- No Ego: Ego is the enemy of growth. We are committed to growing both personally and as a firm and aren’t afraid to accept and learn from our mistakes
- Be Impatient: Speed is a competitive advantage. We ship products incrementally and are committed to being first to market
- Hire and Recognize the Best: Every hire must raise the performance bar and improve the cultural identity of the firm. We recognize the best in people and give them the flexibility to move within the organization
- Fairness and Inclusivity: We build products and a culture that enables access and opportunity without discrimination
Funding (2 rounds)
Dec 2021
$35m
SERIES A
Jun 2018
$1.7m
SEED
Total funding: $36.7m
Leadership
Anand Gomes
(CEO)Previously VP of Oil & Gas HY Credit Strategy at KeyBanc Capital Markets, and Advisor at UC Berkley's Data X Lab.
Michal Koonin
(Chief of Staff)Former Senior Trader at Wolverine Trading.