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Coinbase acquires decentralized cryptocurrency trading platform Paradex

reuters.com

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Re: Coinbase acquires decentralized cryptocurrency trading platform Paradex

#11

Post by iMuzz »

joosters wrote: post #9
iMuzz wrote: post #3

Paradex is a decentralized exchange that's built on top of the 0x protocol. DEXs are great because you can trade cryptocurrency pairs without trusting an intermediary (think Mt. Gox for why this is needed). This move shows that Coinbase is serious about building a decentralized trading platform (unless this is just an acquihire which would be very disappointing). Really exciting news!

If there's no intermediary, what exactly have Coinbase bought?

Sorry I was a little unclear in my comment.

There is still an intermediary, they just never touch your funds.

Re: Coinbase acquires decentralized cryptocurrency trading platform Paradex

#12

Post by guildenstern »

hendzen wrote: post #4

Circle acquiring Poloniex changed the game. The rumored assurances from regulators that Poloniex's prior KYC/AML transgressions would be ignored as long as Circle fixed them going forward was all it really took. Now we are seeing a huge wave of M&A deals while Coinbase uses its very strong financial position to buy up the the less compliant but cashflow-rich overseas exchanges. In particular I wouldn't be surprised t…

There is absolutely no chance that bitfinex and/or Tether will be acquired by any legitimate institution, much less Coinbase. They are far to steeped in fraudulent behaviour to ever go legitimate without regulatory punishment.

Re: Coinbase acquires decentralized cryptocurrency trading platform Paradex

#13

Post by hendzen »

guildenstern wrote: post #12
hendzen wrote: post #4

Circle acquiring Poloniex changed the game. The rumored assurances from regulators that Poloniex's prior KYC/AML transgressions would be ignored as long as Circle fixed them going forward was all it really took. Now we are seeing a huge wave of M&A deals while Coinbase uses its very strong financial position to buy up the the less compliant but cashflow-rich overseas exchanges. In particular I wouldn't be surprised t…

There is absolutely no chance that bitfinex and/or Tether will be acquired by any legitimate institution, much less Coinbase. They are far to steeped in fraudulent behaviour to ever go legitimate without regulatory punishment.

Why not? Circle (US based) bought Poloniex which is one of the biggest Tether exchanges.

If you're Coinbase and you get to buy Bitfinex/Tether at a firesale price + pay some fines to the SEC if needed, why not?

Re: Coinbase acquires decentralized cryptocurrency trading platform Paradex

#14

Post by guildenstern »

hendzen wrote: post #13
guildenstern wrote: post #12

Earlier quoted context omitted.

There is absolutely no chance that bitfinex and/or Tether will be acquired by any legitimate institution, much less Coinbase. They are far to steeped in fraudulent behaviour to ever go legitimate without regulatory punishment.

Why not? Circle (US based) bought Poloniex which is one of the biggest Tether exchanges. If you're Coinbase and you get to buy Bitfinex/Tether at a firesale price + pay some fines to the SEC if needed, why not?

Bitfinex isn’t a company that ignored some AML requirements and they’re not a company just using Tether. They’re the company responsible for tether, they are the creators of Tether. Tether is hugely fraudulent, it’s foundation is fraudulent, they haven’t just avoided some regulations. There’s no way that Coinbase or any other legitimate institution would open themselves up to being responsible for that.

Re: Coinbase acquires decentralized cryptocurrency trading platform Paradex

#15

Post by koolba »

jgh wrote: post #8
snissn wrote: post #7

Earlier quoted context omitted.

> Which begs the question - what tokens are actually worth trading in the first place? I think we're getting closer to tokenizing actual securities. Similar to how TrueUSD is tokenizing U.S. Dollars, I think we're fairly close ( 5 years out) from NASDAQ officially tokenizing their stocks ( as an erc20 on the ethereum blockchain)

why would they do that?

To finally put an end to flash trading by limiting the total transaction throughput to one trade every ten minutes.

Re: Coinbase acquires decentralized cryptocurrency trading platform Paradex

#16

Post by cbHXBY1D »

iMuzz wrote: post #3

Paradex is a decentralized exchange that's built on top of the 0x protocol. DEXs are great because you can trade cryptocurrency pairs without trusting an intermediary (think Mt. Gox for why this is needed). This move shows that Coinbase is serious about building a decentralized trading platform (unless this is just an acquihire which would be very disappointing). Really exciting news!

Seeing as how Paradex isn't the most popular DEX and Coinbase's ties to 0x, I don't think this is an acquihire. This looks like they are actually going to use Paradex as a relayer.

Re: Coinbase acquires decentralized cryptocurrency trading platform Paradex

#17

Post by Tesl »

koolba wrote: post #15
jgh wrote: post #8

Earlier quoted context omitted.

why would they do that?

To finally put an end to flash trading by limiting the total transaction throughput to one trade every ten minutes.

But they could implement that tomorrow if they really wanted to?

Was this a joke that's gone over my head? :)

Re: Coinbase acquires decentralized cryptocurrency trading platform Paradex

#18

Post by Mtinie »

koolba wrote: post #15
jgh wrote: post #8

Earlier quoted context omitted.

why would they do that?

To finally put an end to flash trading by limiting the total transaction throughput to one trade every ten minutes.

It would be funny if it worked that way, but alas, it doesn’t.

Re: Coinbase acquires decentralized cryptocurrency trading platform Paradex

#19

Post by shanev »

koolba wrote: post #15
jgh wrote: post #8

Earlier quoted context omitted.

why would they do that?

To finally put an end to flash trading by limiting the total transaction throughput to one trade every ten minutes.

In 5 years both sharding and Plasma would be implemented on Ethereum. NASDAQ would probably run its own Plasma chain or sidechain and wouldn’t be beholden to the main chain’s throughput.

Re: Coinbase acquires decentralized cryptocurrency trading platform Paradex

#20

Post by darawk »

guildenstern wrote: post #12
hendzen wrote: post #4

Circle acquiring Poloniex changed the game. The rumored assurances from regulators that Poloniex's prior KYC/AML transgressions would be ignored as long as Circle fixed them going forward was all it really took. Now we are seeing a huge wave of M&A deals while Coinbase uses its very strong financial position to buy up the the less compliant but cashflow-rich overseas exchanges. In particular I wouldn't be surprised t…

There is absolutely no chance that bitfinex and/or Tether will be acquired by any legitimate institution, much less Coinbase. They are far to steeped in fraudulent behaviour to ever go legitimate without regulatory punishment.

Do you have any evidence to support that statement?
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