Fenwick Represents Coinbase in Acquisition of Paradex

Fenwick & West represented Coinbase, Inc., a leading digital currency wallet and platform where merchants and customers can transact with new digital currencies, in its acquisition of Paradex, a relay trading platform that allows customers to trade tokens directly from their wallets. Financial terms of the transaction were not disclosed.

The acquisition strengthens Coinbase’s ability to offer an international crypto trading platform and reinforces the company’s commitment to investing in decentralized infrastructure in the world of wallet-to-wallet trading. More information about Coinbase’s acquisition of Paradex can be obtained from the company announcement.

The Fenwick transaction team included corporate lawyers Michael Brown, Bomi Lee, Steve Fisher, Aki Tokura and Khiree Smith; technology transactions lawyers Jonathan Millard and Ana Razmazma; executive compensation and employee benefits lawyers Shawn Lampron, Kristin O’Hanlon, Laura McIntyre and Sarah Ghulamhussain; and tax lawyers Idan Netser and Marianne Tassone.