Paradigm – an institutional liquidity network for crypto derivatives traders – recently closed a $35 million Series A funding round. Co-led by Alameda Ventures and Jump Capital, this round places the company’s value at $400 million. Paradigm’s Role According to a recent statement, over 25 other investors participated in the company’s most recent funding round. These include Nexo, Genesis Trading, Babel Finance, Dragonfly Capital, Digital Currency Group, and others. Paradigm...
Read More »Coinbase Co-founder-led Paradigm Announces $2.5B Bombshell Venture Fund
The crypto and blockchain space seems to be thriving. In fact, this vertical has fetched the largest valuation step-up this year. Naturally, VC firm Paradigm has also ramped up its game with its latest $2.5 billion venture fund. With the wave of new-fangled investor interest, eye-popping fundraises in crypto are not surprising anymore. One such high-profile investment firm is Paradigm that has managed to capture the crypto industry’s biggest venture fund ever after breaking...
Read More »Crypto Lending DeFi Startup Compound Finance Raises $25 Million Led by Andreessen Horowitz
Compound Finance, a crypto lending and decentralized finance (DeFi) startup has recently raised a massive $25 million in its latest funding round led by venture capital Andreessen Horowitz. This is reportedly one of the largest investments in any DeFi startups to date.Andreessen Horowitz will be pouring money into Compound through its a16z crypto fund. Besides, other investing firms include Bain Capital Ventures, Paradigm, and Polychain Capital.Currently, Compound holds nearly $103 million...
Read More »Visa-backed Crypto Custodian Anchorage to Introduce Governance Platform with Voting Rights
Photo: Anchorage / MediumIn what seems to be forward-thinking move, the premier cryptocurrency and digital asset custodian Anchorage backed by Visa has introduced a governance platform that has on-chain voting rights. The first cryptocurrency token to be supported in this regard is the Maker DAO’s Maker (MKR) token.The platform referred to as Anchorage Governance will enable all the custodian’s clients which hold the MKR token to be able to vote at the Multi-Collateral Dai (MCD) vote which...
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