Paradigm, the institutional liquidity network with zero-fees for crypto derivatives traders, today announced the launch of spreads trading in partnership with FTX, one of the world’s leading regulated cryptocurrency exchanges. FTX is the third exchange to partner with Paradigm on futures spreads, and the partnership marks a major step toward developing a liquidity yield curve for cryptocurrencies. Paradigm users can trade spreads between spot, perpetual and futures instruments on BTC, ETH, SOL, AVAX, APE, DOGE, LINK and LTC, all with guaranteed atomic execution and liquidation of both legs on FTX.
Efficient spreads trading will bring a variety of benefits to both partners’ mutual clients, including:
- Yield Generation via “Cash and Carry” Trades and Funding Rate Farming
- Roll Expiring Futures Hedges More Efficiently
- 50% Less Fees on Paradigm When Trading Spreads
- Delta Neutral Spreads Mean Tighter, Deeper Markets
Sam Bankman-Fried, CEO of FTX said:
“Paradigm is a leading network providing institutional liquidity for crypto derivatives, and we’re excited to expand on our relationship with a formal partnership to collaborate on product developments for both of our users. This structured spread trading product is the first that will enable crypto investors to utilize cash and carry trades through FTX and Paradigm.”
“FTX and Paradigm have a longstanding relationship, and I am ecstatic that we are able to bring our two companies together to improve the crypto ecosystem. With basis trading becoming a tradeable asset class on FTX, we should see significant interest from both crypto-natives trading yield as well as new investors in crypto who can now trade cash and carry as a single asset,” Anand Gomes, CEO, Paradigm said.
Gomes added:
“And looking ahead, combining the client base and product expertise of both companies will undoubtedly lead to more synergies and new product offerings further down the road.”
The post Paradigm Partners with FTX and Starts Spreads Trading appeared first on iGaming.org.
Source: Igaming
