Global exchanges FTX and Paradigm will provide “guaranteed atomic execution and bilateral clearing” for futures trading in eight cryptocurrencies. The cryptocurrency exchange has announced the launch of Paradigm Spread Trading with FTX.
As part of the FTX partnership, Paradigm said; Users use “one-click” trading without “leg risk” to spread between Spot, Perpetual and Fixed-Term Bitcoin (BTC) Futures, Ether (ETH), Solana (SOL), Avalanche (AVAX), ApeCoin (APE) can do , Dogecoin (DOGE), Chainlink (LINK) and Litecoin (LTC). FTX will provide “guaranteed atomic execution and bilateral clearing” for trades.
FTX has officially partnered with the leading institutional liquidity network @tradeparadigm To make it easier and cheaper than ever to trade spreads between spot, perpetual and futures instruments. $BTC, $ETH, $SOL, $AVAX, $APE, $DOGE, $LINK And $LTC!https://t.co/O7chj4l09C pic.twitter.com/mbqjpo6qCQ
—FTX (@FTX_Official) August 12, 2022
According to Paradigm CEO Anand Gomes, the deal has attracted new cryptocurrency investors interested in cash and trade – the facility to spot buy cryptocurrencies and futures on FTX. According to the firm, adopting nuclear execution for both legs of spread trading was “structurally less risky” than regular FX execution, allowing market makers to quote “much tighter prices and significantly larger in size”.
According to Paradigm, the fee will be 50% lower if two separate direct trades are made. Paradigm collaborated with cryptocurrency derivatives exchange Deribit to build a block trading solution in 2019.
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