what's Paradigm?

Paradigm is the largest institutional liquidity network in crypto derivatives, offering deep liquidity across 120+ products. It enables traders to execute large or multi-leg trades with any counterparty—over 1,000 including 20+ prime dealers—and settle on preferred venues, all 100% non-custodial with no order impact or leg risk. Key features include Unified Markets for RFQs and order books, Delta-1 Spreads via streaming books, and DeFi Auctions for on-chain settlement. Paradigm has facilitated over $993 billion in cumulative volume, powering institutional-grade trading across CeFi and DeFi.