Paradigm Partners with FTX to Launch Spreads Trading

Paradigm, the institutional liquidity network for crypto derivatives traders, announces today 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 this partnership marks a major step towards the development of a liquid interest rate curve in crypto. Paradigm users will be able to trade the spread between spot, perpetuals and futures instruments on BTC, ETH, SOL, AVAX, APE, DOGE, LINK and LTC, all with guaranteed atomic execution and clearing of both legs on FTX.

"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," said Sam Bankman-Fried, CEO of FTX.

"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. 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," said Anand Gomes, CEO of Paradigm.