The Bitcoin exchange FTX has partnered with investment firm Paradigm to launch one-click futures-spread trading.
FTX has officially partnered with leading institutional liquidity network @tradeparadigm to make it easier and cheaper than ever to trade the spread between spot, perpetuals and futures instruments on $BTC, $ETH, $SOL, $AVAX, $APE, $DOGE, $LINK and $LTC!https://t.co/O7chj4l09C pic.twitter.com/mbqjpo6qCQ
— FTX (@FTX_Official) August 12, 2022
Users will be offered trading the spread between spot, perpetuals and futures on Bitcoin, Ethereum, Solana, Litecoin, Avalanche, Dogecoin and other digital assets.
FTX will offer atomic execution and clearing on both sides. According to the press release, the fees for trading such spreads will be 50% lower than those for executing two separate trades.
Paradigm founder and CEO Anand Gomes said the collaboration is aimed at attracting new investors to the cryptocurrency industry. He added that the firms foresee launching additional products in the future.
In June, the cryptocurrency exchange WhiteBIT launched perpetual Bitcoin futures trading.
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