Paradex reports open interest crosses $250M
by@paradex
Summary
The trading platform Paradex has reported that its open interest (OI) has surpassed $250 million, marking a significant milestone attributed to its innovative approach. This follows the integration of Paradigm's RFQ system in mid-September, which enables traders to access competitive institutional quotes for large trades while maintaining confidentiality, thereby facilitating sizable options and perpetual contract orders.
Analysis
Paradex: Paradex is a privacy-focused decentralized exchange built on Starknet, specializing in perpetual futures, options, and spot trading with zero retail fees and zk-encrypted accounts. It was incubated by Paradigm and recently connected to Paradigm's RFQ network. This connection has driven significant growth in trading activity on the platform. Paradigm: Paradigm operates as an institutional crypto derivatives liquidity network that provides request-for-quote services to trading platforms. It was incubated alongside Paradex and shares leadership under Anand Gomes. The network's recent integration with Paradex enabled access to deeper institutional liquidity for options and perps trading. Liquidity Network: Paradex integrated Paradigm's RFQ system in mid-September to source competitive institutional quotes for large trades. Trading Innovation: The RFQ approach allows traders to execute sizable options and perps orders without exposing positions publicly in advance.
Categories
cryptohyperliquidperps
Related sources
- https://crypto.news/paradigm-leads-9-million-investment-in-stablecoin-payments-platform-el-dorado/
- https://cryptobriefing.com/paradex-record-eth-options-trade-deribit/
- https://www.bloomberg.com/news/articles/2026-07-08/crypto-focused-vc-firm-paradigm-raises-1-2-billion-for-ai-bets
- https://x.com/i/status/2101880668904951939
- https://www.paradex.trade/
- https://x.com/i/status/2101977181786108022
- https://exchange-compare.com/exchanges/paradex/
- https://x.com/i/status/2101713455027732937
- https://www.theblock.co/news/deals/2026-07-08-paradigm-raises-1-2-billion-fourth-fund-crypto-ai-robotics-407617
- https://cryptonews.net/news/altcoins/33455245/
- https://x.com/i/status/2101981649999433986
- https://techcrunch.com/2026/07/08/crypto-vc-firm-paradigm-raises-1-2b-to-invest-in-technical-frontier-startups/
- https://messari.io/report/paradex-privacy-first-perp-dex-and-the-dime-tge
- https://www.alchemy.com/dapps/paradex
- https://x.com/i/status/2101779469711122793