Paradigm reportedly disclosed details regarding the introduction of spreads trading, via an alliance forged with crypto exchange FTX.

Specifically, Paradigm reportedly claimed that the FTX alliance will make it possible for its users to take advantage of “one-click” trading with “no leg risk” for the spread between spot, perpetuals and fixed maturity futures. 

The applied digital coin reportedly include Bitcoin (BTC), Ether (ETH), Solana (SOL), Avalanche (AVAX), ApeCoin (APE), Dogecoin (DOGE), Chainlink (LINK) and Litecoin (LTC). 

FTX will reportedly offer “guaranteed atomic execution and clearing of both legs” for the trades.

Per the Head of Paradigm Anand Gomes, the arrangement had a primary target of reeling in new crypto investors keen on cash and carry trades – taking advantage of crypto spot purchases and futures instruments on FTX. 

Gomes further claimed that the introduction may potentially result in new product offerings “further down the road.”

The firm additionally revealed that via the use of atomic execution for both legs of the spreads trading, it was “structurally less risky” compared to those conducted on a traditional exchange, enabling market makers to “quote much tighter prices and in significantly larger sizes.” 

Per Paradigm, the fees will be down half compared to the execution of two individual outright trades.

In 2019, Paradigm reportedly formed a collaboration with crypto derivatives exchange Deribit to introduce a new block trading solution.