Paradigm Partnering With FTX To Launch New Service

The global exchange FTX and Paradigm will provide “guaranteed atomic execution and clearing of both legs” for the futures trades on eight cryptocurrencies.

In collaboration with the cryptocurrency exchange FTX, Paradigm has announced the launch of spread trading.

Paradigm said under the FTX partnership; users would be able to 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 clearing of both legs” for the trades.

According to Paradigm CEO Anand Gomes, the arrangement pulled in new crypto investors interested in cash and carried trades – leveraging crypto spot purchases and futures instruments on FTX.

According to the firm, adopting atomic execution for both legs of the spreads trading was “structurally less risky” than regular exchange execution, allowing market makers to “quote much tighter prices and in significantly larger sizes.” According to Paradigm, the fees will be 50% lower than if two individual outright trades were executed.

Paradigm collaborated with crypto derivatives exchange Deribit to create a block trading solution in 2019.

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