The American stock exchange Coinbase announced the acquisition of the p2p platform for the exchange of digital assets Paradex. According to representatives of the exchange, this will allow their clients to trade “in the hundreds all coin”.

To purchase Paradex Coinbase supported only trading pairs including Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The exchange plans to launch services Paradex outside the United States after a series of technological upgrades; later, when the system will come into full compliance with the requirements of us law, new services will be available to the residents of the state.

Brian Armstrong (Brian Armstrong), CEO and founder of Coinbase, said that the deal reflects “the desire Coinbase to invest in the development of decentralized infrastructure and emerging niche bezposredniego trading.”

Ron Bernstein, CEO Paradex, also positively commented on the takeover:

“Our team is extremely proud of the work done for the year. And we are extremely pleased to enter a new phase under the leadership of the Coinbase”.

In addition Paradex, Coinbase announced the rebranding of GDAX. The updated platform will be designed specifically for individual traders. The official blog GDAX listed some details about its updated version:

  • automatic migration of transaction history and funds from GDAX;
  • intuitive interface;
  • simplified Deposit and withdrawal of funds;
  • more accessible statistical data;
  • compiled viewer “My Viewer” to track the history of transactions and current status of all purses.

Writes Coinspeaker, after rebranding services Paradex will also be integrated with Coinbase Pro.

Nesiote, how long the process of reorganization Coinbase in accordance with the laws of the United States. However, last week there were reports that the exchange expects to receive a license to conduct banking activities.