Paradigm, a messaging service, integrated with Deribit, a Bitcoin and Ethereum futures and token exchange platform on Thursday, August 22, 2019. Initially, the Telegram app is useful to negotiate crypto trading. Block trade functionality is an essential step to attract institutional traders to the world of crypto.
As per the announcement, trading is possible on the Paradigm system as well as directly through Deribit’s API. Companies such as Singapore-based QCP Capital and cryptocurrency merchant bank Galaxy Digital have already started using the platform. QCP Capital conducted the first test trade.