Global exchange FTX and Paradigm will provide “guaranteed atomic execution and both-legged compensation” for futures trading on eight cryptocurrencies. In collaboration with cryptocurrency exchange FTX, Paradigm has announced the launch of spread trading.
Paradigm said under the FTX partnership; users could utilize “one-click” trading with “no leg risk” for the spread between spot, perpetual and fixed-maturity futures on Bitcoin (BTC), Ether (ETH), Solana (SOL), Avalanche (AVAX) ), ApeCoin (APE), Dogecoin (DOGE), Chainlink (LINK) and Litecoin (LTC). FTX will provide “guaranteed atomic execution and both-legged compensation” for the trades.
FTX has officially partnered with the leading institutional liquidity network @tradeparadigm to make it easier and cheaper than ever to trade the spread between spot, perpetual and futures instruments on $ BTC, $ ETH, $ SOL, $AVAX, $APE, $ DOGE, $ LINK and $ LTC!https://t.co/O7chj4l09C pic.twitter.com/mbqjpo6qCQ
—FTX (@FTX_Official) August 12
According to Paradigm CEO Anand Gomes, the deal has attracted new cryptocurrency investors interested in cash and transactions carried out – leveraging spot purchases of cryptocurrencies and futures instruments 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 significantly larger sizes.” ”.
According to Paradigm, the fees will be 50% lower than if two individual outright operations were performed. Paradigm collaborated with cryptocurrency derivatives exchange Deribit to create a block trading solution in 2019.
