#AnandGomes
#Paradigm
#REDeFiNETOMORROW2023
#SCB10X

Fireside Chat: Unlocking Liquidity Fragmentation in the Crypto Derivatives Market With Paradigm
• Anand Gomes, CEO & Co-founder, Paradigm
• Moderator: CJ Fong, Head of Sales (APAC & EMEA), GSR

1/ This thread provides a recap of a conference session with Anand Gomes, CEO & Co-founder of Paradigm, and CJ Fong, Head of Sales (APAC & EMEA) at GSR, where they discussed liquidity fragmentation in crypto derivative markets. [Commentary Added]
 
2/ Paradigm, as explained by Anand, functions as a wholesale marketplace for institutional buyers and sellers for options and spreads trading, targeting inefficiencies in traditional OTC trading. It integrates both regulated and unregulated venues, as well as DeFi, on its platform.
 
3/ Anand's journey in the finance industry took him from being an interest rate derivatives quant to trading and sales, inspiring the concept of Paradigm. The shift to crypto was driven by the opportunity presented by the emerging asset class and the potential as a first mover.
 
4/ Despite crypto's technological advancement, Anand sees room for growth in terms of client participation and the availability of structured products. He sees immense potential for innovation and product development in this space.
 
5/ A notable topic is the coexistence of centralized finance (CeFi) and decentralized finance (DeFi). Paradigm itself embodies this integration, aiming to reduce market fragmentation and increase liquidity through technological advancements. 
 
6/ Anand recognizes the impact of events like the FTX incident on industry trust. The emphasis now is on rebuilding trust, with growing demand for on-chain solutions and noncustodial options. Infrastructure advancements play a crucial role in this effort.
 
7/ Regarding the potential entry of traditional institutions into the crypto derivatives space, Anand highlights ongoing dialogues and investments by institutional players. Despite recent setbacks slowing mainstream adoption, growth and investments continue. [Commentary Added]
 
8/ Looking ahead, Paradigm aims to function as an asset-agnostic liquidity network, connecting exchanges, protocols, and dealers. The goal is to provide a central point for accessing liquidity across different platforms and facilitating atomic cross-exchange trading.
 
9/ Ambitious in its future vision, Paradigm explores its own protocol development for clearing and derivatives within DeFi. This marks a significant stride toward a comprehensive and integrative financial solution in the crypto space.
 
10/ Closing with a note of encouragement, Anand emphasized the importance of perseverance for builders in the crypto derivatives market, believing in the industry's long-term potential.

SCB 10X Transcript on Youtube

Unlocking Liquidity Fragmentation in the Crypto Derivatives Market With Paradigm