0
📰 News

Deribit and Paradigm Aiming at Institutionals — Block-Trading for Crypto Derivatives Launched

  • 📰 News

    The Deribit and Paradigm collaboration are paying off — the multi-instrument block trading solution for crypto derivatives launched successfully.

Cover image via 123rf.com
Contents

The growing demand from institutional investors made Deribit and Paradigm team up to launch multi-instrument block-trading solution for crypto derivatives. One of the leading institutional trading firms has already joined the trade, as it became known from the press release.

The innovation will allow organizations to use the Paradigm chat for direct transactions with counterparties at their discretion. After agreeing on a transaction, trade data will be submitted for the Deribit execution and clearing automatiсly.

What is the benefit?

This function is the first of its kind, since previously institutional traders had to agree on large trades through messengers, and then manually coordinate execution in the Deribit’s order book. The method was high-risk, especially if we take into account spreads and combined trades. About the much-needed innovation, XBTO Group’s CEO Philippe Bekhazi, said next:

For the first time, institutions that trade crypto derivatives in large volumes can negotiate privately on the Paradigm platform, after which the trade will be automatically executed, margined and cleared at Deribit and displayed on the public tape as a block trade, eliminating any execution risk associated with the order book. When excellent companies operating in a similar space work together by leveraging relationships and sharing ideas, everyone wins – including, most importantly, the end-user

Check your counterparty

Special attention is also paid to the set of counterparty management tools that the Paradigm offers. It includes the catalogue of potential counterparties and the ability to “approve” specific counterparties before the start of trading relationships. The tool will alows to check all the necessary data, including the KYC, in order to find out whether the counterparty meets the company's policies and requirements.

Companies offer two types of block trading for crypto derivatives: through the Paradigm system and directly through the Deribit’s API. Traders will have access to block transactions with futures and options for Bitcoin (BTC) or Ethereum (ETH), including spreads and combinations of these cryptocurrencies. 

Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!

About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

This block is broken or missing. You may be missing content or you might need to enable the original module.
Recommended articles
0
📰 News

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • 📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

👉MUST READ

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

Subscribe to the official News.U.Today Telegram channel. Get news first!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

This block is broken or missing. You may be missing content or you might need to enable the original module.
Recommended articles