Bybit and Paradigm join hands to launch USDT-margined delta-1 spreads

Bybit, a crypto exchange, has launched spreads trading on USDT-margined instruments in collaboration with Paradigm, a crypto derivatives trading platform. This partnership will allow traders to spread order books on over 30 cryptocurrencies.

Bybit and Paradigm’s partnership

Paradigm is an institutional liquidity network for crypto derivatives traders in centralized and decentralized financing. The platform provides traders access to multi-asset liquidity on multiple protocols without compromising execution preferences and speed. Paradigm aims to create a platform for traders to create and settle trades with anyone at any time.

The Bybit and Paradigm partnership allows users to execute USDT-margined perpetual trades without impacting the order book or incurring leg risk, regardless of trade size. This allows users to execute market-neutral trades on Bybit efficiently and provides a liquid marketplace to execute funding strategies for perpetual swaps.

Paradigm is the first platform to support Bybit’s Unified Account System. The Unified margin account is a derivatives trading structure that allows users to use all the assets in their multiple accounts as collateral to trade USDT perpetual options. This removes the need to manually transfer assets between accounts and take advantage of an efficient, shared margin that is calculated in USD.

This is possible due to its large network of institutional counterparties, with over 700 institutional clients achieving a monthly trading capacity of over $10b. This network consists of hedge funds, over-the-counter (OTC) desks, lenders, structured product issuers, market makers, and prominent family offices.

Bybit is innovating

Ben Zhou, co-founder and CEO of Bybit, stated that Bybit’s partnership with Paradigm is part of its commitment to bringing next-level opportunities to its users, using new  trading technologies and top-notch partners. 

Paul Veradittakit, a partner at Paradigm, believes that the launch would provide a more efficient way for traders to access markets easily and cost-effectively. Their companies would continue working together, focused on creating new technologies and services to better the lives of traders worldwide.

The new spreads trading platform will allow traders to simultaneously buy and sell futures contracts with a single price and guaranteed atomic execution. To commemorate the launch, users would enjoy zero fees on the second leg of any spread trades executed on Paradigm and settled on Bybit, regardless of the trading volume.

The launch of spreads trading on USDT-margined instruments provides traders with a more streamlined experience and access to a liquid marketplace for executing complex strategies. The backing of Paradigm’s institutional liquidity network and Bybit’s commitment to innovation provides a brighter future for crypto futures trading.