Paradigm and FTX Partner to Launch Crypto Futures Spread Trading

The global exchange FTX and Paradigm will provide “guaranteed atomic execution and bilateral clearing” for futures trading on eight cryptocurrencies. Together with cryptocurrency exchange FTX, Paradigm announced the launch of spread trading.

Paradigm said as part of the FTX partnership; users could use “one-click” trading without “leg risk” for the spread between spot, perpetual and fixed-term Bitcoin (BTC) futures, Ether (ETH), Solana (SOL), Avalanche (AVAX), ApeCoin (APE), Dogecoin (DOGE), Chainlink (LINK) and Litecoin (LTC). FTX will provide “guaranteed atomic execution and bilateral clearing” for trades.

According to Paradigm CEO Anand Gomes, the deal has attracted new cryptocurrency investors interested in cash and trades – leveraging spot purchases of cryptocurrencies and futures on FTX. According to the firm, adopting atomic execution for both legs of spread trading was “structurally less risky” than regular FX execution, allowing market makers to “quote much tighter prices and at sizes significantly larger.”

According to Paradigm, the fees will be 50% lower than if two individual outright trades were made. Paradigm collaborated with cryptocurrency derivatives exchange Deribit to create a block trading solution in 2019.

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