Coinbase has acquired Paradex, a decentralized cryptocurrency trading relay platform that enables users to trade hundreds of ERC-20 tokens directly from their wallets.
Coinbase has confirmed its acquisition of Paradex in a move that will open up Coinbase customers to access and trade coins beyond the four coins –BTC, BCH, ETH, LTC – supported by the exchange.
Coinbase chief executive and co-founder Brian Armstrong said the move underlined Coinbase’s “commitment to investing in decentralized infrastructure” and a marked effort to reach new customers outside the United States.
Coinbase, among the world’s most valuable centralized cryptocurrency exchanges, first announced support for ethereum-based ERC20 tokens in March but it remains to be seen if the exchange will add support for trading or purchases for the tokens following its latest acquisition.
🤔So steem do you think Coinbase will add more trading pairs soon?
