September 26, 2022
Paradigm and BitMEX are thrilled to announce a new partnership to launch futures spreads trading on Paradigm, cleared and settled on BitMEX.
BitMEX has been at the forefront of innovation in the crypto space since its inception, and changed the crypto derivatives landscape with its introduction of the Perpetual Swap in 2016. Paradigm is delighted to combine our liquidity network and block trading capabilities with BitMEX’s world-class clearing, settlement and custody infrastructure.
Paradigm’s futures spreads order books enable BitMEX clients to trade the spread between spot, perpetuals and futures without exposure to leg risk. BitMEX traders will have a powerful new tool to lock-in and trade the cost of carry for hedging and alpha generation.
Anand Gomes, CEO of Paradigm
"I have admired BitMEX’s innovation since the early days of crypto derivatives and am excited to be partnering to further develop the ecosystem. BitMEX’s revolutionary perpetual futures product has become a cornerstone of the crypto derivatives market, and together we hope to make the futures spreads market another such cornerstone of the growing derivatives ecosystem.”
Alex Höptner, CEO of BitMEX
"We are very pleased to start working with the Paradigm team, the key name in their segment of the industry, and to be able to offer our corporate clients access to clearing bigger trades on our platform through Paradigm’s trade matching functionality. Our focus has always been to offer an agile, secure, fun and improved experience to our users, and this partnership sets the best environment for us. We can’t wait to be live with Paradigm in just a few weeks time.”
Stay tuned for updates closer to launch!
Paradigm is a zero-fee, institutional liquidity network for crypto derivatives traders across CeFi and DeFi. The platform provides traders with unified access to multi-asset, multi-protocol liquidity on demand without compromising on execution preferences, costs and immediacy. Paradigm’s mission is to create a platform where traders can trade anything, with anyone and settle it anywhere.
Paradigm has the largest network of institutional counterparties in crypto with over 2,000 institutional clients trading over $10B per month, including hedge funds, OTC desks, lenders, structured product issuers, market makers and prominent family offices.
BitMEX is an iconic trading platform that offers access to crypto-products in the global digital asset financial markets. BitMEX allows users to buy, deposit, withdraw, convert, and trade with cryptocurrencies on spot and derivatives exchanges, and it currently supports purchases with +30 fiat currencies. BitMEX has been at the forefront of crypto exchanges since 2014. They revolutionized the industry with the invention of the Perpetual Swap in 2016, the most traded crypto product in history, and has continued to relentlessly innovate since then.