Decentralized derivatives exchange Paradex has seen its total options open interest rise to $202 million after rolling out its request-for-quote, or RFQ, feature, according to Techub, citing Crypto Briefing. The figure represents roughly 2.6x growth from the level recorded before the feature went live. Paradex said the RFQ function is designed to bring on-chain trading capabilities to institutional-grade trading. The update points to stronger activity in the exchange’s options market following the product launch, with the reported increase centered on open interest rather than trading volume or token price moves. No additional operating metrics were disclosed in the brief.
Decentralized derivatives exchange Paradex has increased its total options open interest to $202 million after launching its request-for-quote, or RFQ, feature, according to Techub, which cited Crypto Briefing.
The exchange’s options open interest was about 2.6x higher than it was before the feature was introduced. The RFQ function is intended to provide on-chain trading capabilities for institutional-grade trading.
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