Bybit and Paradigm join forces to offer spread transactions

This strategic partnership, which has been maintained for a long time, is increasing day by day, allowing investors to access more than thirty cryptocurrencies with a single click. Paradigm is the first platform to support Bybit's Unified Trading Account. Thanks to this support, investors are enabled to trade with the buy-sell difference between spot and forward contracts with USDT margins. Moreover, these transactions do not affect the order book and do not cause risks arising from a single transaction, regardless of the size of the transaction. This cooperation provides investors with a liquid market environment to implement their forward funding rate strategies, as well as being able to efficiently perform market-impacting trades on Bybit.

 Bybit and Paradigm join forces to offer spread transactions

Ben Zhou, co-founder and CEO of Bybit, said, “I am excited to state that our collaboration with Paradigm has made it possible to offer our investors a much more modern experience in order to perform spread transactions on USDT margin instruments. The launch once again underlines Bybit's promise to offer our customers high-level opportunities through superior trading experiences with world-class partners.” he ended his thoughts.

 Paul Veradittakit, one of the business partners of Paradigm, said, “We are very pleased with the business partnership we have made with Bybit in making the buy-sell difference transactions in USDT margin instruments available. This launch offers a highly efficient way for investors to gain extremely easy and low-cost access to the markets. We look forward to continuing our efforts to offer new products and services to investors around the world.” he shared his thoughts.

 To celebrate this launch, there will be no transaction fees for the second step of all spread transactions executed through Paradigm and settled on Bybit.