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

April 12, 2023 at 06:00 AM EDT

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Bybit, the third most visited crypto exchange in the world, is proud to launch delta-1 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 provides traders access to spread order books on 25 cryptocurrencies via a single click.

Delta-1 spread trading on Paradigm allows users to trade the spread between USDT-margined spot and perpetual instruments without impacting Bybit’s order books or incurring leg risk, no matter the trade size. This provides clients with efficient execution of market-neutral trades on Bybit and a liquid marketplace for executing perpetual funding rate strategies.

To make delta-1 spread trading even more cost-effective for users, fees on the spot leg of any spread trade will be waived if executed via Paradigm and settled on Bybit.

Paradigm is the first platform to support Bybit’s Unified Trading Account (UTA), which allows users to switch between different strategies without manually transferring assets between accounts, and take advantage of 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 our partners.”

“We are very excited to expand our partnership with Bybit and relaunch linear delta-1 spread trading into the crypto ecosystem,” said Anand Gomes, co-founder of Paradigm. “The spot vs. perpetual futures spread was one of the fastest growing products in crypto markets in Q4 2022, and we are delighted to relaunch it now in partnership with a world-class exchange like Bybit.”

#Bybit / #TheCryptoArk

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.