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FTX Partners With Paradigm to Launch Crypto Futures Spread Trading

  • The launch will see Paradigm and FTX users trading the spread between spot, perpetual, and futures on BTC, ETH, SOL, AVAX, APE, DOGE, LINK, and LTC easily and with lesser fees.

Liquidity investment firm Paradigm is pleased to announce that it has integrated with leading crypto derivative exchange FTX, the platform announced the partnership via a recent blog post.

The partnership will see the partners joining efforts together to launch crypto futures spread trading services. The launch will see Paradigm and FTX users easily trading the spread between spot, perpetual, and futures on BTC, ETH, SOL, AVAX, APE, DOGE, LINK, and LTC.

The partnership has marked a new milestone for the companies as it suggests further expansion for them. The deal suggests tendencies that the client base and product expertise of both companies may lead to more collaborations and new product offerings moving forward.

Furthermore, the partners believe that their new move will attract new crypto investors keen on cash and carry trades with the help of crypto spot purchases and futures instruments on FTX and Paradigm. ‍

Speaking on the new partnership, FTX CEO Sam Bankman-Fried’s comment reads;

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 Becomes Paradigm’s Third Partner on Spread Trading

It appears that the liquidity firm has been hell-bent on its spreads trading goals as the announcement unveils that FTX is the third exchange to partner with Paradigm on futures spreads. This platform is seeking to enhance the adoption of a liquid interest rate curve in crypto. The collaboration will enable users to utilize “single-click” trading with “no leg perpetual risk” with 

fewer fees are required.

The CEO of Paradigm, Anand Gomes also expressed his delights in the company’s latest integration saying; “FTX and Paradigm have a longstanding relationship, and I am ecstatic that we can bring our two companies together to improve the crypto ecosystem…”

Per the announcement, the firm noted that spreads trading is an efficient way to execute multi-leg, delta-neutral strategies without execution risk or order book impact, regardless of the trade size. Quite interestingly, the partnership will help the companies provide efficient spreads trading for users. Moreso, this will provide a multitude of benefits to the joint customers.

As noted via the announcement, Paradigm explained that there are exclusive benefits to spreads trading via the partnering companies. According to the platform, the new development tends to provide market participants with lower fees alongside deeper and tighter liquidity.

More precisely, users who execute spreads on Paradigm and clear on FTX will be charged 50 percent fewer fees than executing two individual outright trades. 

Rebecca Davidson Verified

Rebecca is a Senior Staff Writer at BitcoinWisdom, working hard to bring you the latest breaking news in the cryptocurrency market. In the words of Elon Musk “Buy stock in several companies that make products & services that *you* believe in. Only sell if you think their products & services are trending worse. Don’t panic when the market does. This will serve you well in the long-term.”

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