Coinbase acquires trading platform Paradex built on 0x Protocol

"Coinbase acquires cryptocurrency trading platform Paradex"

https://www.cnbc.com/2018/05/23/reuters-america-coinbase-acquires-cryptocurrency-trading-platform-paradex.html

Our solution is Paradex, a robust, peer-to-peer relay where users from all parts of the world can buy and sell ERC20 tokens on the Ethereum blockchain in a decentralized fashion.

"The platform is built on top of the 0x protocol, which provides us with a simple, elegant standard for handling settlement without necessitating user accounts or taking custodianship of users’ funds. This solves the problems of trust and third-party reliance that exist on centralized exchanges, completely removing us as an attack vector. Paradex users maintain absolute control of their tokens right up until the point where their trades are validated and finalized, all while never having to create an account."

https://medium.com/paradex/introducing-paradex-86f72d0f66db

Coinbase.... 0x.... hmmmmm....

Commentaire:

On Wednesday, Coinbase also announced a new brand called Coinbase Pro. The brand will replace GDAX, the company’s longtime trading platform for institutional investors.
fortune.com/2018/05/...23/coinbase-paradex/

Coinbase Acquires Paradex Exchange, Retires GDAX Name

fortune.com/2018/05/...23/coinbase-paradex/

Commentaire:

So, Coinbase's new Decentralized Exchange replacing GDAX is Paradex, built on ZRX, and going to be called Coinbase Pro

Commentaire:

p.s. I'm sorry I had BTC as my chart. I meant it to be ZRX/BTC.
My mistake.