Paradigm Unveils 'Block Trading' Facility for MATIC, SOL, XRP Options

The inaugral trade between QCP Capital and Galaxy Digital involved MATIC call options expiring on May 31.

Options are derivative contracts that give the buyer the right, but not the obligation, to buy or sell the underlying asset by a specific date at a predetermined price. A call option gives the right to buy, and a put option offers the right to sell. Block trades reduce slippage or costs associated with executing transactions and ensure a minimal impact on the going market price.

Paradigm’s new offering has already found takers. On Monday, the platform announced the successful completion of an inaugural trade involving 500,000 units of MATIC call spreads between Singapore-based QCP Capital and Galaxy Digital.

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