Babel Finance Invests in Crypto Derivatives Platform Paradigm

Babel Finance expects the platform to contribute materially toward the growing influence of crypto finance among mainstream financial markets and institutional investors

Babel Finance is delighted to announce its participation in the US$35 million Series A funding round of Paradigm, the zero fee, institutional liquidity network for derivatives traders. The round valued the company at US$400 million, according to the fundraising press release by Paradigm.

Paradigm’s platform offers derivatives traders across centralized and decentralized finance “unified access to multi-asset, multi-protocol liquidity on demand without compromising on execution preferences, costs and immediacy”.

The Enhanced Partnership

Babel Finance’s foundational mission is to bridge the worlds of traditional and crypto finance. Paradigm’s platform advances the role and accessibility of crypto derivatives by increasing the ease of trading. The partnership will create a more seamless trading experience for clients as well as pushing for greater product innovation.

Babel Finance will continue to seek investment opportunities in areas that will advance the firm’s mission, and the crypto ecosystem as a whole.

Why Paradigm

Paradigm’s platform enables traders to connect directly with institutional counterparties, and provides workflow automation tools necessary to facilitate multi-leg and multi-product strategies with underlying hedges via a single executable structure, according to the press release. “This increases trading precision, eliminates leg risk, and lowers execution costs” for derivatives traders.

As such, Babel Finance expects the platform to contribute materially toward the growing influence of crypto finance among mainstream financial markets and institutional investors.

Babel Finance’s Advantages in Derivatives Trading

Babel Finance is one of world’s largest crypto options traders, with a monthly trading volume of US$8 billion. The firm serves more than 500 institutional clients around the world, offering crypto asset management and prime brokerage services, as well as crypto lending.

About Babel Finance

Babel Finance is a global leading crypto financial services provider specializing in serving institutional investors and high-net-worth individuals in crypto lending, crypto asset management, and prime brokerage services.

The company is backed by prominent investors including Sequoia Capital China, Tiger Global Management, BAI Capital, Zoo Capital, Dragonfly Capital, and NGC Ventures. The firm’s mission is to build a gateway connecting traditional and crypto finance.

For more information, visit www.babel.finance.