Susquehanna Crypto Becomes Paragon’s 1st Institutional Liquidity Partner
07.16.2026
Susquehanna Crypto joins Paragon as first institutional liquidity partner, alongside backing from UFO Holdings
Launching a ticker is only the first step.
A market becomes useful when traders can execute meaningful size at tight spreads, even through volatile conditions.
Susquehanna Crypto, a leading global proprietary digital asset trading firm, is joining Paragon as an institutional liquidity partner. The relationship will support liquidity across Paragon markets as the platform expands across new designs and asset classes.
UFO Holdings is also investing in Paragon. Built by early Kalshi employees, traders, and quants, UFO brings firsthand experience establishing new market categories.
Together, these relationships strengthen Paragon’s ability to build and scale new markets.
Paragon is building a faster path from thesis to trade – turning the companies, sectors, and ideas shaping what comes next into 24/7 markets on Hyperliquid.
Paragon is also backed by Consonant Ventures, Sigil Fund, and Decima Fund.
Source: Paragon
https://twitter.com/eightyhi/status/2077528445827928464
Adhi said: “@SusquehannaSIG was the first market maker to believe in @Kalshi– becoming the first designated market maker for the first regulated prediction market, before Kalshi had elections or sports or any real PMF.
have tremendous respect for SIG, they have a track record of making moves and investments like a VC, which is rare in the mercenary world of market making. let’s bring reliable institutional liquidity to HIP3 for the first time ever!”
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