Paradex is a decentralized exchange designed for private, high-performance trading on a Layer 2 network. It offers zero-fee perpetual futures and perpetual options, alongside spot markets, with more than 250 markets available through a unified account. Trading is available around the clock, and the platform highlights deep liquidity, no options expiry, and privacy features that conceal positions, entries, exits, liquidation levels, and profit and loss. Traders can choose isolated, cross, or portfolio margin, while vaults and VTFs provide automated, multi-asset, multi-strategy products intended to generate passive income.

The exchange runs on DimeVM, a Layer 2 built for scale and secured by Ethereum zero-knowledge proofs. Paradex says the network supports 1,000 transactions per second, two-second finality, and low fees, with account abstraction and composability for applications and transactions. The ecosystem also includes developer documentation, APIs, code samples, a mobile app, and community programs such as XP rewards and referrals. Paradex is incubated by Paradigm and backed by investors and traders. Its site also introduces XUSD, programmable, yield-generating digital dollars.