Coinbase, a cryptocurrency exchange licensed to operated in the heavily regulated United States has announced their purchase of the company called Paradex. The Paradex exchange has been an ERC-23 token exchange which offers peer-to-peer trading.
The purchase by Coinbase comes along with a rebranding of the GDAX service. These two moves by Coinbase, one of the biggest operators in the exchange of cryptocurrencies, should signal expansion of the retail and professional services. The new GDAX service will become Coinbase | pro.
These exciting changes should mark the start of institutional investors to continue to pour into cryptocurrency.
For more information please feel free to visit CoinDesk.
Image from GDAX Blog.