Paradigm launches new features for derivatives trading market, negotiating with counterparties

According to The Block report, the crypto trading platform Paradigm has launched a new function “RFQ Builder” for derivatives trading, allowing traders to negotiate with counterparties and then automatically execute transactions settled at partner derivatives exchanges. Negotiations can be conducted manually or through an automatic request for quotation (RFQ). RFQ is an electronic message sent between counterparties that outlines the terms of the transaction. In addition, the new service will allow traders to include options and futures in a transaction.