Babel Finance announces participation in Crypto Derivatives Platform Paradigm

SINGAPORE – Media
OutReach – 15 February 2022 – Crypto financial service provider Babel Finance, recently
announced its participation in the crypto derivatives platform Paradigm. Taking
part in the US$35 million Series A funding round of Paradigm, Babel
Finance’s crypto trading division can now access multi-asset,
multi-protocol liquidity on demand. This can be done without compromising
execution preferences, costs, or immediacy.

Paradigm is an institutional liquidity
network for derivative traders. Babel
Finance’s investment in Paradigm’s platform will allow Babel
Finance’s financial services to bridge crypto finance with traditional
finance. Babel Finance’s crypto lending services can easily
facilitate multi-leg and multi-product strategies with underlying hedges via a
single executable structure with access to Paradigm’s innovative workflow
automation tools. 

Being one of the world’s largest crypto
options traders and serving more than 500 institutional clients worldwide,
Babel Finance expects its investment in Paradigm to add to its vision of making
crypto finance mainstream in financial markets with institutional investors.

The investment will give Babel Finance increased
trading precision, elimination of leg risk, and lower execution costs when
trading derivatives are critical for the Babel Finance Singapore team. With
these new capabilities, Babel Finance can progress and become a key service
provider in crypto asset management, prime brokerage services, and crypto
lending.