Paradigm, which has led the pack of liquidity networks for traders in the derivatives field, recently got a major boost following the introduction of linear altcoin options trading on the Deribit Exchange. This new launch symbolizes Paradigm’s business expansion aimed at providing a diversified range of options for cryptocurrency traders.

Paradigm’s MATIC block trade entry into linear altcoin

Paradigm’s trade of its first linear altcoin options on Deribit for Polygon (MATIC) means that the company has entered the derivatives market. This significant agreement is believed to have been made due to a highly effective partnership between Paradigm, Galaxy, and QCP Group, the most important players in the digital assets sector. The MATIC block trade suitable for Paradigm is intended to reflect the firm’s continuous innovation and commitment to market leadership.

Platform-specific non-linear options, including those for MATIC, SOL, and XRP, argue with adequate liquidity and provide a great advantage to traders as they supply complete exposure and allow for sophisticated trading. Different from the usual ones, linear options, in which payoffs are directly connected to the price movements of those underlying assets, can be especially useful for the people who live in the changing conditions. This feature improves risk management and gives market players a chance to make good out of the differences and, hence, the opportunity to benefit from it creatively.

Paradigm sets the industry standard

 Paradigm’s linear altcoin options product entering the market has brought along a new level of standardization, providing a primer for the evolution towards greater liquidity and efficiency in a market that was previously applied with a rough hand. 

By successfully implementing a limit order for 250,000 again MATIC Call Spreads, Paradigm reinforces its role as a platform that helps process considerably large orders, and the market grows. With strikes at $0, an 80 percent year-to-date yield, and expiring on 31 May, linear altcoin options such as this can indicate high potential for profitability and minimize risk.

Strikers Luuk, the chief executive of Deribit, shared his excitement about Paradigms’ getting into linear altcoin options trade, noting this would also support the Deribit platform; furthermore, he predicted the linear coin options trading that will boost the market. 

Institutional investors and US states are displaying heightened interest in the Bitcoin ETF market following regulatory approval by the US Securities and Exchange Commission (SEC) in January.

The latest development reveals that Wisconsin’s investment board has invested approximately $100 million in BlackRock’s iShares Bitcoin Trust ETF.

US States Eye Bitcoin ETF Market

According to a recent 13F form filed with the SEC, the Wisconsin investment board acquired $98.6 million worth of shares in the BlackRock ETF.

This significant investment contributes to BlackRock’s growing presence in the newly regulated market, which has experienced a substantial increase in inflows and trading volume since January.

In addition, demonstrating the growing interest of US states in exploring opportunities to invest in the Bitcoin ETF market, Keith Ammon, New Hampshire State Representative and Vice Chair of Commerce and Consumer Affairs, recently initiated a discussion on diversifying the state’s financial reserves by investing in Bitcoin ETFs. 

BTC ETFs Poised For Expansion?

As reported by Bitcoinist on Monday, Ammon’s analysis highlights the potential benefits. It states that if New Hampshire had allocated just 5% ($4.65 million) of its 2016 rainy day fund to Bitcoin, it would now be worth nearly half a billion dollars ($473 million), representing a substantial 10,000% return on investment.

Ammon also references Manuel Nordeste, Fidelity’s Vice President of Digital Assets, who emphasizes the growing trend among major pension funds and big banks towards allocating funds to spot Bitcoin ETFs. 

Nordeste’s insights reveal that 25% of pension managers personally own digital assets, indicating a significant shift in interest within the digital asset market. 

Ammon suggests that if only 1% of state pension assets under management ($5.5 trillion) were to flow into Bitcoin, it would surpass mining revenue, creating a supply shortage relative to demand and driving further price increases for Bitcoin.

In sum, these developments underscore the increasing appeal of Bitcoin ETFs to institutional investors and US states alike. With continued regulatory approval and growing interest, the Bitcoin ETF market seems to be poised to experience further expansion in the coming months.

At press time, the largest cryptocurrency in the market is trading at $61,600 after failed attempts to consolidate above Monday’s high of $63,000. 

Featured image from Shutterstock, chart from TradingView.com