Cryptocurrency exchange Bybit and Paradigm, a crypto derivatives trading platform, have recently joined forces in order to bring a new and improved trading tool to traders. The two companies have launched USDT-margined delta-1 spreads trading, providing users with access to over 30 cryptocurrencies. Moreover, traders can execute perpetual trades without incurring leg risk or impacting the order book.

Among other features, Bybit stands out with its Unified Account System, which allows users to use all their assets as collateral for a margin account when trading USDT perpetual options. This also eliminates the need of manually transferring assets between accounts and allows for a much more efficient margin calculation in USD. The collaboration has also allowed Paradigm to bring its extensive network of institutional traders with a trading capacity of over $10b a month to Bybit’s users; This network includes hedge funds, OTC desks, lenders, structured product issuers, market makers, and prominent family offices.

The launch of the new trading tool marks a great milestone in the crypto market, as it allows traders to execute market-neutral trades in an efficient way, and execute complex strategies withconfidence due to the reliable liquidity network provided by Paradigm. Bybit CEO and co-founder Ben Zhou stated that he was focused in providing the best opportunities to users, and that the new technology was very promising for the whole crypto industry. Paul Veradittakit, partner at Paradigm added that the launch offers an easier, cost-effective way for traders to access the markets.

To celebrate this, Bybit and Paradigm will offer users zero fees on the second leg of any spread trades that are executed on Paradigm and settled on Bybit, no matter their trading volume. This way, crypto traders will experience the best the market has to offer.



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