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Bybit and Paradigm Unite to Launch USDT Margined Delta-1 Spreads

By: News Direct

March 21, 2023 at 08:00 AM EDT

--News Direct--

Bybit, the third most visited crypto exchange, is proud to launch spreads trading on USDT-margined instruments in conjunction with Paradigm, the fastest growing crypto derivatives trading platform. This expansion of their long-standing strategic partnership gives traders access to spread orderbooks on 30+ cryptocurrencies via a single click.

Spread trading on Paradigm allows users to trade the spread between USDT margined spot and perpetuals without impacting the order book or incurring leg risk no matter the trade size. This provides clients with efficient execution of market-neutral trades on Bybit, as well as a liquid marketplace for executing perpetual funding rate strategies.

Paradigm is the first platform to support Bybit’s Unified Trading Account System, which allows users to switch between different strategies without manually transferring assets between accounts, and take advantage an efficient, shared margin.

“We are thrilled that our collaboration with Paradigm has enabled us to provide traders with a more streamlined experience when it comes to spreads trading on USDT margined instruments," said Ben Zhou, co-founder and CEO of Bybit. “This launch further demonstrates Bybit's commitment to bringing next level opportunities to our clients via superior trading experiences with top notch partners."

“We are delighted to partner with Bybit in launching spreads on USDT margined instruments," said Paul Veradittakit, Partner at Paradigm. "This launch provides an extremely efficient way for traders to access markets in an easy and cost-effective manner. We look forward to continuing our work together in bringing new products and services for traders across the globe."

To further enhance user’s experience, there will be no fees charged on the second leg of any spread trades executed via Paradigm and settled on Bybit.

More from Bybit:

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

Contact Details

Bybit

press@bybit.com

Company Website

https://www.bybit.com/en-US/

View source version on newsdirect.com: https://newsdirect.com/news/bybit-and-paradigm-unite-to-launch-usdt-margined-delta-1-spreads-486207674

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