Paradex executes $15.76 million ETH options trade
- —Trade notional was $15.76 million, premium was $45,220 (0.29%)
- —Paradex integrated the Paradigm RFQ network on September 15
- —After the integration, Paradex options OI rose 2.6 times to $202 million
- —Settlement in USDC, European style, price is the 30-minute TWAP before expiry
Why it matters: The growth of RFQ venues like Paradex intensifies competition with Deribit, which holds about 85% of the BTC and ETH options market.
Source: TokenPost