Paradex CEO: Why DEX is Replacing Wall Street

Recently, Anand Gomes, co-founder and CEO of Paradigm and Paradex, was interviewed by the well-known YouTube host When Shift Happens, revealing the reasons why decentralized exchanges (DEX) are becoming the new Wall Street—integrating banks, brokerage firms, and clearinghouses into one platform without charging any fees.

At Paradigm, Anand created the first crypto derivatives trading platform for institutional investors, with a total trading volume exceeding $450 billion. He also co-founded the high-performance decentralized exchange Paradex, which, since its launch in October 2023, has achieved an average daily trading volume of $100 million across 55 active perpetual contract markets.