Trade Paradigm hits new ATH with $6B in 24h volume

Deribit: Deribit operates as a leading centralized exchange specializing in crypto derivatives including options, perpetual futures, and futures contracts. It recently completed a major matching engine upgrade to reduce latency and expanded its product lineup with numerous new USDC-settled perpetual contracts spanning crypto, equities, and commodities. In the context of this news, Deribit serves as the benchmark for the record RFQ volume reported on Trade Paradigm. Trade Paradigm: Trade Paradigm runs an institutional-grade liquidity network that facilitates Request for Quote (RFQ) trading for crypto derivatives across multiple venues and counterparties. It recently introduced features such as an RFQ builder and unified markets interface to streamline complex and large-size trades. The news highlights its RFQ platform achieving a new high in daily volume relative to Deribit activity. RFQ Liquidity: Trade Paradigm's RFQ system connects institutional traders with market makers for on-demand pricing on large or complex derivatives strategies. Product Expansion: Deribit has broadened its perpetual futures offerings to include additional crypto assets and traditional market exposures settled in USDC. Market Integration: Recent integrations allow Trade Paradigm's RFQ network to support trading on both centralized and decentralized platforms.