OKX, the second-largest cryptocurrency exchange by trading volume and a prominent Web3 technology company, proudly announces a major achievement in its Liquid Marketplace. The on-demand liquidity network for institutional traders has surpassed $3 billion in trading volume, marking a significant milestone for the platform. This achievement highlights the success of the Liquid Marketplace in delivering deep liquidity and reliable execution to institutional traders.
The announcement comes shortly after the introduction of the ‘Nitro Spreads‘ feature on the OKX Liquid Marketplace. Nitro Spreads is an OTC, futures spreads, and options liquidity network that enables traders to execute complex basis trades with a simple one-click process. Initially available to selected institutional clients who applied for early access via the Liquid Marketplace website, wider access to Nitro Spreads will be granted to other institutional clients starting from July 5.
Unlocking Extensive Liquidity and Diverse Trading Strategies
Nitro Spreads stands out as one of the few basis trading tools in the cryptocurrency market, where both legs of the trade are executed together through a central order book. This approach eliminates the risk of leg imbalances between markets, allowing traders to select a guaranteed spread for a trade. The platform minimizes the possibility of incomplete orders by ensuring that both legs of the trade are completed simultaneously. Trades are swiftly matched and settled, providing a seamless trading experience.
The OKX Liquid Marketplace offers institutional traders access to extensive liquidity and various cryptocurrency trading strategies, including futures spreads, large options block trades, and spot OTC. Since April 2023, OKX has been witnessing remarkable growth in the Liquid Marketplace. The platform previously announced exceeding $1 billion in trading volume during the first three months of 2023, and by the end of June 2023, the trading volume has more than tripled that figure.
OKX is expanding its custody solutions through strategic partnerships to further enhance its institutional users’ services. Collaborations with firms like Komainu will provide institutional clients with enhanced transparency and control over their funds while ensuring optimal capital efficiency, cost-effectiveness, and security. OKX has established itself as the second-largest global cryptocurrency exchange by trading volume and a leading player in the Web3 ecosystem. With over 50 million trusted users worldwide, OKX is widely recognized as the fastest and most reliable crypto trading app available to traders everywhere.
Additionally, OKX has established partnerships with renowned entities such as English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo. These collaborations aim to enhance the fan experience by introducing new engagement opportunities. Furthermore, OKX serves as the top partner of the Tribeca Festival, demonstrating its commitment to fostering creativity within the Web3 space.
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