BIT is a secure and high performance derivative exchange launched by the Bitmain spin-off Matrixport, an integrated financial services firm and household name in crypto.
For a multi-product structure (i.e. Options and Futures) both the Options and the Futures component of the structure should meet their Minimum Block Size threshold
All Bit.com products are not US Cleared
Paradigm’s leg pricing methodology attempts to take the quoted strategy prices as entered by the maker and calculate individual leg prices subject to the following broad constraints:
Calculate leg prices as close to the mark as possible
Leg prices must be in increments of minimum tick size
Leg prices must be within the Min and Max prescribed by the exchange for each leg
For options strategies, leg prices must preserve delta relationships:
Trade rejection due to timing differences between initial Price Band check (on Paradigm) and final price band check (on Bit.com)
* 20 seconds corresponds to the longest setting for the trade execution window on Paradigm, configurable via the web dashboard.
Manual entry for individual leg prices when Paradigm is unable to calculate leg prices that are “sensical”
Currently, Paradigm does not allow zero or negative prices for the following strategies
Paradigm fees for BIT products are free.
Log into your Bit.com account
Go to API
Click Create API
In the form Bind IP address must be set to "No" and the "read" and "block trade" checkmark must be checked while everything else can be personal reference
Click Create
On your Paradigm Dashboard, select Account tab under Derivatives (Listed) → Bit.com
Click "+"
Enter a nickname for the Key. Input your Bit.com API credentials (i.e. Access Key and Access Secret) you just created
Click Add
You can add multiple Bit.com API keys to your Paradigm Dashboard, then toggle between keys for trading/clearing in that selected Bit.com (sub)account
Please see here.