Deribit exchange launching Bitcoin derivatives trading

posted 4 months ago
Deribit claims it’s becoming the first Bitcoin futures and options exchange to provide large-volume trades of Bitcoin derivatives. The move comes via a partnership with institutional messaging service Paradigm. Deribit’s CEO, John Jansen, reportedly said the new service will offer block trades with a minimum of 40 Bitcoin for options contracts linked to BTC.

Ten top crypto trading firms have already signed up to use the service, with Paradigm founder Anand Gomes naming QCP Capital in the report. According to its website, Paradigm offers tools allowing over-the-counter traders to automate price negotiation and settlement. Using Paradigm’s messaging service, parties can set up the options trades, which are then then settled and cleared at Deribit. Commonly, traders use Telegram to carry out such negotiations.
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