Dubai, UAE, October 18th, 2023, Chainwire
OKX, a number one crypto trade and Web3 expertise firm introduced that futures spreads buying and selling volumes on its Liquid Market, a spot OTC, futures spreads and choices liquidity community, reached a report month-to-month excessive of US$1.54 billion in September 2023. This achievement represents 62%* of the institutional market share for futures spreads for the month.
Because the July 2023 launch of Nitro Spreads, a venue beneath OKX’s Liquid Market for institutional merchants to execute foundation, futures spreads, and funding fee arbitrage methods, OKX’s cumulative futures spreads volumes led the market from August 28 to October 11 in 2023.
OKX’s volumes on futures spreads additionally excelled throughout ‘high-water mark’ quantity days. OKX futures spreads notional volumes exceeding the 100 million USDT mark on 4 events inside the date vary (on September 12, September 19, September 28, and October 10 in 2023).
These buying and selling quantity milestones solidify OKX’s Liquid Market because the go-to venue for institutional merchants seeking to benefit from superior liquidity for numerous trades, together with futures spreads, spot OTC foundation, and choices.
OKX Chief Business Officer Lennix Lai mentioned: “The most recent futures unfold quantity figures affirm that OKX Liquid Market is a various ecosystem of counterparties pursuing a spread of buying and selling methods and signifies that it’s a buying and selling venue of selection for institutional merchants. We now have labored exhausting to develop the merchandise, liquidity and intuitive buying and selling options merchants demand in an intensely aggressive market surroundings. We’ll proceed to hearken to our merchants and adapt the platform to their wants going ahead to additional develop our buyer base.”
Since its launch in July 2023, OKX introduced on October 6 that Nitro Spreads has surpassed a cumulative buying and selling quantity of over 2 billion USDT.
Nitro Spreads permits institutional merchants to execute superior methods and facilitate delta rolls effectively on OKX’s Liquid Market. With the flexibility to execute each legs of commerce through a central order ebook, Nitro Spreads minimizes leg danger between markets and offers institutional merchants with enhanced capital effectivity. Earlier than execution, merchants can even choose a assured unfold for a commerce, mitigating surprising value slippage. Trades are then matched and settled instantly.
*Supply: Laevitas
About OKX
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Disclaimer
This announcement is supplied for informational functions solely. It’s not meant to supply any funding, tax, or authorized recommendation, nor ought to or not it’s thought of a suggestion to buy, promote, maintain, or provide any providers referring to digital belongings. Digital belongings, together with stablecoins, contain excessive danger, fluctuate wildly, and even develop into nugatory. Leveraged buying and selling in digital belongings magnifies each potential positive factors and potential losses and will consequence within the lack of your complete funding. Previous efficiency is just not indicative of future outcomes. It is best to fastidiously contemplate whether or not buying and selling or holding digital belongings fits you in mild of your monetary situation, significantly if contemplating leverage. You might be solely chargeable for your buying and selling methods and selections, and OKX is just not chargeable for any potential losses. Not all merchandise and promotions can be found in all areas, together with the united statesA., U.Okay., Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea, Syria, Malta, Australia, Bangladesh, Bolivia, The Bahamas, Canada, Malaysia, Hong Kong, France, and Singapore. For extra particulars, please consult with the OKX Phrases of Use and Danger & Compliance Disclosure.
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