Wall Street’s NEW Crypto Play... They Built THIS

‍

Wall Street rarely broadcasts its biggest upgrades — they’re built quietly in the background. After the FTX collapse, the conversation around transparent and self-custodied trading accelerated. In this video, I sit down with Rob Shearer (ex-Goldman Sachs) to explore Paradex, a new trading layer incubated by Paradigm that aims to combine high-performance execution with user-controlled custody.

In this conversation, we cover:

🚀 The post-FTX shift and why many traders are exploring self-custody models

🔒 How privacy and scaling research is shaping next-generation financial infrastructure

📈 On-chain asset management frameworks and how teams think about vault design

⚔️ The evolving landscape of decentralized trading platforms, including Hyperliquid, Lighter, and Aster

‍

Timestamps

0:00 Intro
02:42 Welcome to Paradex
04:24 The Paradigm Connection
08:30 Building a Full-Stack Exchange
13:43 Challenges and Innovations in Crypto Exchanges
17:30 PEX's Unique Features and Future Plans
25:33 Retail Price Improvement and Liquidity
29:10 The Future of Decentralized Trading
38:32 Conclusion and Final Thoughts