Connect with us

Hi, what are you looking for?

Stock

FTX and Paradigm partner to launch futures spread trading

Crypto derivatives platform Paradigm has partnered with crypto exchange FTX to roll out futures spreads trading.

The partnership, the two firms said in a press release, makes it possible for customers to access spread trading between various instruments, namely: spot, perpetuals and futures. 

Notably, the available products will cover the top crypto assets Bitcoin (BTC) Ethereum (ETH), Litecoin (LTC), Solana (SOL), Avalanche (AVAX), ApeCoin (APE), Dogecoin (DOGE) and Chainlink (LINK).

FTX will offer “guaranteed atomic execution and clearing of both legs” the firms announced.

Benefits to users

Customers of both Paradigm and FTX are set to enjoy several benefits as a result of the efficient spreads trading. These include seamless “cash and carry” trades via FTX tapping into both spot and futures instruments, cost-efficient rolling of expiring futures positions, lower fees (50% less on Paradigm) and delta-neutral deeper liquidity.

According to Anand Gomes, the Chief Executive Officer at Paradigm, the partnership with FTX expands on the two companies’ “long standing relationship,” and that their collaboration will benefit the broader crypto ecosystem.

Significantly, Gomes sees this attracting more yield traders, with potential demand from new crypto investors looking for “trade cash and carry as a single asset.”

Paradigm and FTX’s collaboration comes amid a broader improvement in market sentiment,  with fresh growth expected across the industry as new money comes in. For the platform, the launch of the new product could pull in more derivatives traders from across decentralised finance (DeFi) and centralised finance (CeFi).

The post FTX and Paradigm partner to launch futures spread trading appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

Editor’s Pick

Toolie is the First-of-its-Kind Tool and Workforce Activity Tracker. Momentum IoT today launched the Toolie, a revolutionary tool tracking technology that tracks both equipment...

Investing

For more on estate planning, check out our free resource: Guide to Legacy and Estate Planning. What is estate planning? Estate planning is a...

Editor’s Pick

By Takeshi Niwa, Marketing Analyst at TSR (Techno Systems Research Co., Ltd). WiFi has been expanding its capacity and applications from computer and networking,...

Editor’s Pick

The new eSIM infrastructure will help modernise the IoT connectivity market with fast, secure connections and reduced vendor lock-in. 1oT, a tech startup from...

Dislaimer: Investmentsspirit.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2022 Investments Spirit