E147: Paradex CEO: Why Crypto Exchanges Are Replacing Wall Street (it's already happening)

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 HAPPENSTwitter (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/DISCLAIMERThe 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 Introduction1:36 Please Subscribe2:02 Podcast Galore From Kevin3:24 Lindy Effect Meaning7:12 What It Means To Be Built Different From Anand9:04 Who Are You10:03 Our Trusted Partners10:56 Something That’ll Make Everyone Trust You12:59 What Are People Not Seeing In The Exchange World17:13 Behind 24/7 Exchanged Are Human Beings18:14 Explain Paradex And Paradigm21:22 Paradex Charging Zero Fees, Why?22:40 How Does Paradex Make Money Without Fees28:33 Our Valued Sponsors31:48 Ethereum Is The Chosen One?34:07 Decentralized Exchanges Are The New Financial Centres Explained38:40 Why Can’t Current Banks Or NEO Banks Become Onchain New York40:55 What Happens To The Traditional Finance Centres42:39 The Four Components Of A Unified Platform Onchain And Traditional47:30 Biggest Advantages For Paradex50:12 Moving Decentralized Exchanges From Casinos To Financial Centres53:38 How Far Are We From Traditional Centres Being Useless54:49 Speculation For Price Discovery And Capital Formation Explained1:00:04 Ownership Economy is Where Markets Will Move To1:01:25 Something You’re Holding On To That You Should Let Go1:04:28 One Takeaway For The Audience1:06:28 Why WSH Partnered With Paradex