- Paradigm, a leading liquidity network for derivatives traders, has expanded its offerings to include linear altcoin options trading.
- The expansion includes MATIC, SOL, and XRP options, with payouts directly tied to the price movements of the underlying assets.
- The initiative marks a significant milestone in liquidity and access for institutional crypto derivatives trading.
Paradigm expands into linear altcoin options trading, marking a significant stride in liquidity and access for institutional crypto derivatives trading. The expansion includes MATIC, SOL, and XRP options.
Paradigm Introduces Linear Altcoin Options Trading
Paradigm has made a significant stride by expanding its offerings to now include linear altcoin options trading. This expansion was marked by the execution of its inaugural block trade in Polygon (MATIC) on the Deribit Exchange. The strategic move into linear altcoin options trading was made possible through a strong collaboration with Galaxy, the digital asset leader, and QCP Group, the prominent digital asset market maker.
Expansion Includes MATIC, SOL, and XRP Options
The introduction of block trading for linear altcoin options on Deribit Exchange now allows clients to execute large-scale trades in MATIC, Solana (SOL), and XRP. Linear options, such as those for MATIC, SOL, and XRP, offer a unique advantage. Their payouts are directly tied to the price movements of the underlying assets, providing traders with transparent exposure and substantial trading opportunities. This feature is particularly advantageous in volatile markets.
First Block Trade in MATIC Marks New Industry Benchmark
Paradigm’s first move into this new market segment was marked by the successful completion of a block trade involving 500,000 units of MATIC Call Spreads, with strikes at $0.80/$0.95 and expiring on May 31. This trade sets a new industry benchmark and contributes to the liquidity of a previously fragmented market.
Industry Leaders Express Excitement Over Expansion
Luuk Strijers, CEO of Deribit, expressed excitement over Paradigm’s expansion into linear altcoin options. Strijers highlighted the mutual benefits and the anticipation of upcoming inaugural blocks in SOL and XRP. Darius Sit, Founder of QCP, praised the launch as a significant step towards financial innovation in the options space, especially as the market grows to accommodate new participants and liquidity in the approaching bull market.
Conclusion
Paradigm’s expansion into linear altcoin options trading marks a significant milestone in the crypto derivatives trading landscape. With the inclusion of MATIC, SOL, and XRP options, the firm is set to provide more substantial trading opportunities for its clients. The successful execution of the inaugural block trade in MATIC sets a new industry benchmark, promising a more liquid and accessible market for institutional traders.
