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Coinbase Acquires Ethereum-powered Exchange Paradex and Retires GDAX

Category: Altcoins, Business, Ethereum, News

Coinbase Acquires Ethereum-powered Exchange Paradex and Retires GDAX

Global cryptocurrency exchange Coinbase recently announced on Wednesday, May 23, 2018, the acquisition of Paradex, a relay platform that allows users to trade cryptocurrencies directly with one another. According to Reuters, Coinbase is looking to improve the technology and expand Paradex’s service globally. Paradex is seen as a decentralized exchange since it does not hold any cryptocurrency tokens on behalf…

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