OKX, a number one crypto change and Web3 expertise firm, at present introduced that futures spreads trading volumes on its Liquid Marketplace, 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.
For the reason that July 2023 launch of Nitro Spreads, a venue underneath 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, with 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 Marketplace because the go-to venue for institutional merchants seeking to benefit from superior liquidity for a variety of trades, together with futures spreads, spot OTC foundation and choices.
OKX Chief Industrial Officer Lennix Lai mentioned: “The latest futures spread volume figures confirm that OKX Liquid Marketplace is a diverse ecosystem of counterparties pursuing a range of trading strategies and indicates that it is a trading venue of choice for institutional traders. We have worked hard to develop the products, liquidity and intuitive trading features traders demand in an intensely competitive market environment. We will continue to listen to our traders and adapt the platform to their needs going forward to further grow our customer base.”
Since its launch in July 2023, OKX announced on October 6 that Nitro Spreads has surpassed a cumulative buying and selling quantity of over 2 billion USDT.
Nitro Spreads is a venue for institutional merchants to execute superior methods and facilitate delta rolls effectively on OKX’s Liquid Market. With the flexibility to execute each legs of a commerce by way of a central orderbook, Nitro Spreads minimizes leg threat between markets and offers institutional merchants with enhanced capital effectivity. Earlier than execution, merchants may also choose a assured unfold for a commerce, mitigating sudden value slippage. Trades are then matched and settled instantly.
*Supply: Laevitas
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This announcement is supplied for informational functions solely. It’s not supposed to offer any funding, tax, or authorized recommendation, nor ought to it’s thought of a proposal to buy, promote, maintain or provide any providers regarding digital property. Digital property, together with stablecoins, contain a excessive diploma of threat, can fluctuate vastly, and might even grow to be nugatory. Leveraged buying and selling in digital property magnifies each potential beneficial properties and potential losses and will end result within the lack of your complete funding. Previous efficiency shouldn’t be indicative of future outcomes. It is best to rigorously take into account whether or not buying and selling or holding digital property is appropriate for you in gentle of your monetary situation, notably if contemplating using leverage.You might be solely chargeable for your buying and selling methods and selections, and OKX shouldn’t be chargeable for any potential losses. Not all merchandise and promotions can be found in all areas together with the usA., U.Ok., 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 Threat & Compliance Disclosure.
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