Paradigm Offering 'Futures Spread Orderbooks' on Deribit and Bybit

Paradigm Offering 'Futures Spread Orderbooks' on Deribit and Bybit
Paradigm, an institutional, over-the-counter investment firm, is now offering a feature that allows users to trade futures spreads as a single structure using a central limit order book.The new “futures spread orderbooks” are now live on the crypto exchanges Deribit and Bybit, according to a tweet from Singapore-based Paradigm. Videos posted on the company’s website show how the trades are executed.A futures spread trade is an arbitrage technique where a trader takes two positions on a commodity to capitalize on a discrepancy in price. So a trader buys one futures contract and sells another with a different expiry date. Instead…