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Paradigm

Institutional liquidity network for crypto derivatives trading.

Web-based
1,000+ network counterpartiesClients
01 — Overview

What Paradigm does

Executing large-size or complex crypto derivatives trades on public order books means accepting significant price impact and limited counterparty choice. Paradigm addresses this by operating as a non-custodial institutional liquidity network that connects buyers, sellers, market makers, and OTC desks through a request-for-quote system and on-demand complex order books, without taking any position itself or holding client funds.

Family offices with crypto exposure can use Paradigm to source liquidity for options, perpetuals, futures, and multi-leg spreads across more than 120 products. Trades settle directly on supported CeFi exchanges or DeFi protocols, meaning custody stays with the chosen settlement venue rather than with Paradigm. The network includes over 1,000 counterparties and more than 50 market makers, and the platform reports $1 trillion in cumulative lifetime volume and over $511 million in average daily volume over a 30-day period.

Key platform capabilities include:

  • Single- and multi-dealer RFQ with visible or anonymous execution
  • Complex order books generated on demand for any strategy
  • A spread builder for common and custom multi-leg strategies
  • API access for programmatic integration
  • Settlement via Deribit, Bybit, CME, Bit.com, and DeFi protocols

Pricing is not publicly disclosed, and access is subject to client acceptance by the applicable Paradigm entity. The platform is designed for institutional counterparties, and family offices that trade crypto derivatives in size will find more relevant counterparties and better price discovery here than on standard exchange order books. Those with only passive or spot crypto exposure will find little direct utility.

Trade options, perpetuals and futures on top cryptocurrencies as single or multi-leg spreads and combinations.

On Paradigm, from a family-office user
02 — Product & capabilities

What it covers

Core tasks
  • Sourcing liquidity for large-size crypto derivatives trades
  • Executing multi-leg options and futures strategies via RFQ
  • Trading anonymously or visibly with institutional counterparties
  • Accessing on-demand complex order books for custom strategies
  • Settling trades on chosen CeFi or DeFi venues
Notable features
  • Multi-dealer RFQ for crypto options and derivatives
  • Single-dealer RFQ with visible or anonymous execution
  • Complex order books generated on demand
  • Spread builder for common and custom strategies
  • Support for 120+ products across options, perpetuals, futures, and multi-leg combos
  • API integration with full documentation
  • Settlement integration with Deribit, Bybit, CME, Bit.com, and DeFi protocols
  • Delta-1 Spreads with streaming order books
  • Paradigm Prime dealer network
  • Unified market view with tabs and filters
Assets supported
CryptocurrencyDigital Assets
Platform & technology
Data Ingestion
03 — Company

The firm behind it

Software type
Web-based
Headquarters / markets
Global
Offices
Singapore
04 — Clients & fit

Who it’s for

Built for Investment Teams, Single Family Office (SFO), Multi Family Office (MFO), Fund Managers.

05 — Support & onboarding

Getting it running

Telegram support channel available; email support at [email protected]