Paradex sees early engagement from KoolKrypto copy traders after RFQ launch
by@paradex
Summary
Just two days after launching its Request for Quote (RFQ) feature, Paradex has seen a wave of copy trading activity, with users quickly adopting its new on-chain liquidity network for options blocks and strategies. The RFQ integration allows users to request competing quotes, enhancing trading efficiency and providing immediate execution and settlement of trades.
Analysis
Paradex: Paradex is a decentralized derivatives exchange focused on 24/7 futures and options trading with built-in privacy features via zk-proofs. It recently integrated Paradigm's RFQ engine to deliver competitive, institutional-style liquidity for on-chain options and multi-leg strategies, settling directly on its Ethereum L2. The platform emphasizes zero taker fees for retail users and has seen early trader activity, including from copy trading communities, following the RFQ rollout. KoolKrypto: KoolKrypto, operating as @koolkrypto223 on X, is a crypto trader and fund manager recognized for strong historical PNL performance on perpetual futures platforms. The account shares market views, trade insights, and positions while emphasizing that they are not financial advice. KoolKrypto copy traders have rapidly appeared on Paradex shortly after the platform's RFQ launch, indicating early engagement with its new trading features. RFQ Launch: Paradex has brought Paradigm's established RFQ liquidity network on-chain, enabling users to request competing quotes for options blocks and strategies that execute and settle atomically. Copy Trading Activity: Copy traders associated with prominent accounts have begun utilizing Paradex features within days of the RFQ integration going live.
Categories
crypto
Related sources
- https://www.datawallet.com/de/krypto/best-crypto-copy-trading-platforms
- https://x.com/i/user/1474812808671858690
- https://markets.xyz/docs/mobile-app-copy-trading
- https://x.com/i/user/1982595844747743233
- https://x.com/fiddybps1
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- https://x.com/i/user/921351902457147392
- https://paradexcapital.com/copy-bots.html
- https://cryptobriefing.com/paradex-integrates-rfq-engine-executes-23m-xrp-options-block/
- https://uwuu.ai/blog/how-to-copy-kol-trades-solana
- https://x.com/i/user/1867213334338285569
- https://x.com/paradex/status/2074913700126003458
- https://x.com/i/user/880512674848571394
- https://x.com/i/user/1223517775
- https://x.com/paradex