Crypto Derivatives Firm Paradigm Raises $35M From Jump Capital, Alameda Ventures, Others

More than 25 investors participated in the round, including Dragonfly Capital, DCG and Vectr Fintech Partners.

Dec 9, 2021 at 1:54 p.m. UTC
Updated Dec 9, 2021 at 3:19 p.m. UTC

Paradigm, a firm that provides liquidity to crypto derivatives traders, raised $35 million in a Series A funding round co-led by Jump Capital and Alameda Ventures.

  • The round values the firm at $400 million, Paradigm said in a press release on Thursday.
  • Over 25 other investors also participated in the Series A, including Genesis Trading, QCP Capital, Nexo and Optiver US. Genesis is owned by Digital Currency Group, which also owns CoinDesk.
  • Previous investors Dragonfly Capital, Digital Currency Group, Vectr Fintech Partners and Mirana Ventures, the venture partner of Bybit and BitDAO, also participated.
  • “Institutional infrastructure in crypto capital markets is still nascent and liquidity highly fragmented. Paradigm is disrupting that by providing a single point of access to global liquidity and a unified execution and settlement layer to most institutional traders in the world,” said Saurabh Sharma, a partner at Jump Capital.
  • Paradigm is not related to the investment company Paradigm Capital.


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Parikshit Mishra is the news editor for CoinDesk during the mid Asia and early European hours. He does not have any crypto holdings.