About Sidepit

What is Sidepit?

sidepit provides best-in-class trade executions for hedging or speculating on the US dollar price of Bitcoin without taking unnecessary risks. Traders use their hot wallets to lock Bitcoin at market open, sign buy/sell orders during market hours, and then unlock their profit or loss at market close. All of this occurs in a transparent, fair, and competitive marketplace, similar to the level playing fields once found in traditional open-outcry trading pits.

Sidepit represents a new paradigm in electronic exchanges—its patented consensus auction mechanism recreates the spirit of the Chicago trading pits. By doing so, it levels the playing field, delivers better pricing, and ensures stable execution.

How does it work?

All orders enter a single executable pool, and an auction takes place once every second to determine transaction order. Participants bid based on the value of their orders. Compared to traditional high-frequency exchanges that operate thousands of times faster, Sidepit’s slower, one-second cadence prevents latency-driven exploitation.

In this environment, market orders are effectively paid to trade, encouraging true liquidity formation. Buyers compete fairly for order flow without the usual high-frequency trading tactics. The result? More authentic market depth, better pricing, and safer fills—while avoiding the pitfalls of OTC fees, fragmented order books, and flash crashes.