Over-the-counter firm Paradigm plans to raise $100 million, now on hold

According to The Block, the cryptocurrency derivatives trading platform and over-the-counter trading company Paradigm’s trading volume plummeted due to the bankruptcy of FTX. In the week beginning November 6, Paradigm’s weekly trading volume was about 3.4 billion U.S. dollars. Weekly trading volume has fallen to $1.02 billion. In addition, Paradigm had held talks with potential investors about raising about $100 million, but that plan has been put on hold, according to people familiar with the matter. Anand Gomes, Paradigm co-founder and chief executive, said the fundraising would be considered again next year when market conditions improve.