Moving DEXs from casinos to financial centers

Anand Gomes, CEO of Paradex, reveals why decentralized exchanges are becoming the new Wall Street - combining banks, brokerages, and clearing houses into one platform with zero fees.

THE SHIFT NEWSLETTER

💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter

___________

PARTNERS

🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/

🅿️ Paradex is building the future of open finance — an intuitive, permissionless trading platform giving users full control, ultra-low costs, fast execution, and access to global markets in one place. Money Badgers Genesis NFT drops in Q4 — limited spots 👉 https://app.paradex.trade/wl/resilientrogueqv

💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries: https://go.kast.xyz/VqVO/SHIFT

🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence.

 Buy with 10% off (promo code in video): https://trezor.io/?transaction_id=1026f18ed46409e495c6db4bff90ab&offer_id=133&affiliate_id=35356

🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/

💧 Sui is a next-gen Layer 1 making digital asset ownership fast, private, and secure.

 https://sui.io/

🧩 Story makes IP and real-world data programmable, enforceable, and monetizable.

 https://www.story.foundation

★ Forza!, Coinsilium’s Gibraltar-based Bitcoin treasury arm. Coinsilium trades on AQUIS (COIN) and OTCQB (CINGF). https://www.coinsilium.com/

🔘 Mantle Network combines Ethereum-level security with low fees and fast transactions via its layer-2 tech. Stake ETH for mETH and join a transparent, community-governed ecosystem. https://www.mantle.xyz

___________

Follow Anand Gomes

• Twitter: https://x.com/fiddybps1

• Twitter: https://x.com/paradex

• Website: https://app.paradex.trade/

FOLLOW WHEN SHIFT HAPPENS

Twitter (X): https://x.com/KevinWSHPod  

Instagram:  https://www.instagram.com/kevinfollonier_ 

TikTok: https://www.tiktok.com/@kevinfollonier_

Linkedin: https://www.linkedin.com/in/kevinfollonier/

Website: https://kevinfollonier.com/

DISCLAIMER

The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.

0:00 Introduction

1:36 Please Subscribe

2:02 Podcast Galore From Kevin

3:24 Lindy Effect Meaning

7:12 What It Means To Be Built Different From Anand

9:04 Who Are You

10:03 Our Trusted Partners

10:56 Something That’ll Make Everyone Trust You

12:59 What Are People Not Seeing In The Exchange World

17:13 Behind 24/7 Exchanged Are Human Beings

18:14 Explain Paradex And Paradigm

21:22 Paradex Charging Zero Fees, Why?

22:40 How Does Paradex Make Money Without Fees

28:33 Our Valued Sponsors

31:48 Ethereum Is The Chosen One?

34:07 Decentralized Exchanges Are The New Financial Centres Explained

38:40 Why Can’t Current Banks Or NEO Banks Become Onchain New York

40:55 What Happens To The Traditional Finance Centres

42:39 The Four Components Of A Unified Platform Onchain And Traditional

47:30 Biggest Advantages For Paradex

50:12 Moving Decentralized Exchanges From Casinos To Financial Centres

53:38 How Far Are We From Traditional Centres Being Useless

54:49 Speculation For Price Discovery And Capital Formation Explained

1:00:04 Ownership Economy is Where Markets Will Move To

1:01:25 Something You’re Holding On To That You Should Let Go

1:04:28 One Takeaway For The Audience

1:06:28 Why WSH Partnered With Paradex