OKX a leading cryptocurrency exchange and Web3 technology company, today announced: futures spread trading volume Moreover liquid marketplace, a spot OTC, futures spread and options liquidity network, reached a monthly high of USD 1.54 billion in September 2023. This achievement is 62%* Institutional market share of futures spreads for the current month.
From July 2023 onwards launch OKX Accumulation of Nitro Spread, a venue for institutional investors to execute basis, futures spread, and funding rate arbitrage strategies under OKX’s Liquid Marketplace futures spread amount It led the market from August 28, 2023 to October 11, 2023.
OKX futures spread volume was also strong on the “high watermark” volume days, with OKX futures spread notional volume increasing four times within the date range (September 12th, September 19th). , September 28, and October 10) crossed the 100 million USDT mark. 2023).
These volume milestones solidify OKX’s position liquid marketplace The go-to place for institutional investors looking to take advantage of superior liquidity in a wide range of trades including futures spreads, spot OTC basis, options and more.
OKX Chief Commercial Officer Lennix Lai said: “The latest futures spread volume figures confirm that the OKX Liquid Marketplace is a diverse ecosystem of counterparties pursuing a variety of trading strategies, making it the trading venue of choice for institutional traders. We have worked hard to develop the products, liquidity, and intuitive trading features that traders demand in a highly competitive market environment. We will adapt it to the needs of customers and further expand our customer base.”
Since its launch in July 2023, OKX has announced on October 6th nitro spread Cumulative trading volume exceeded 2 billion USDT.
Nitro Spreads is a place for institutional investors to execute advanced strategies and efficiently drive delta rolls on OKX’s liquid marketplace. Nitro spreads allow both legs of a trade to be executed through a central order book, minimizing leg risk between markets and providing increased capital efficiency for institutional traders. Traders can also select a guaranteed spread for a trade before execution to reduce unexpected price slippage. The transaction is then matched and settled immediately.
*sauce: Lavitas
OKX is the world’s leading cryptocurrency exchange and innovative Web3 company. Trusted by over 50 million users worldwide, OKX is known as the fastest and most reliable crypto trading app for traders around the world.
As a top partner for English Premier League champions Manchester City FC, McLaren F1, Olympian Scotty James and Formula 1 driver Daniel Ricciardo, OKX aims to enhance the fan experience with new engagement opportunities. OKX is also a top partner of the Tribeca His Festival as part of its efforts to bring more creators to his Web3.
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To learn more about OKX, download the app or visit: okx.com
Disclaimer
This announcement is provided for informational purposes only. This is not intended to provide investment, tax, or legal advice, nor should it be considered an offer to buy, sell, hold, or offer any services related to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can be highly volatile, and may even become worthless. Leveraged trading of digital assets magnifies both your potential profits and potential losses and can result in a loss of your entire investment. Past performance is not indicative of future results. You should carefully consider whether trading or holding digital assets is suitable for you, especially if you are considering the use of leverage. You are solely responsible for your trading strategies and
Source: the-blockchain.com
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