BREAKING NEWS. Coinbase acquires cryptocurrency trading platform Paradex
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Paradex, which has 10 employees, is considered a decentralized exchange because it does not maintain custody of the tokens on behalf of its users but allows them to trade them through digital wallets.
The move will significantly expand the types of cryptocurrencies that customers will be able to access through Coinbase, which has traditionally been more conservative than competitors in listing new types of coins. The exchange offers trading in four of the largest coins: bitcoin, ether, litecoin and bitcoin cash.
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