FX.co ★ Coinbase buys Paradex to boost its market share

Coinbase, the leading US exchange, has acquired Paradex trading platform. According to experts, the move is aimed to boost its share of the growing cryptocurrency market.

Paradex allows customers to trade coins without intermediaries using digital wallets, not through centralized exchanges.

The deal will greatly expand the assortment of coins customers can trade through Coinbase.

Currently, Coinbase only offers trading in four of the biggest cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Bitcoin cash. The Paradex platform facilitates trading in hundreds of coins.