OKX’s Liquid Marketplace Attains $1.54 Billion in Futures Spreads Trading Volumes
The post OKX’s Liquid Marketplace Attains $1.54 Billion in Futures Spreads Trading Volumes appeared on BitcoinEthereumNews.com. Advertisement     Renowned cryptocurrency exchange and Web3 technology company OKX is making waves in the crypto space as the company reveals a record monthly high of $1.54 billion in futures spreads trading volumes on its Liquid Marketplace. According to an official announcement today, this massive milestone has seen the company achieve up to 62% of the institutional market share for futures spreads for the month. Notably, the driving force behind this remarkable achievement is Nitro Spreads, a venue within OKX’s Liquid Marketplace that caters to institutional traders seeking to execute basis, futures spreads, and funding rate arbitrage strategies. Since its launch in July 2023, Nitro Spreads has consistently outperformed its competitors, positioning OKX at the forefront of the industry. From August 28 to October 11, OKX led the market in cumulative futures spreads volumes, emerging as a preferred platform for institutional traders. Notably, OKX’s futures spreads volumes surged on ‘high-water mark’ volume days, with the platform’s notional volumes surpassing the 100 million USDT mark on four distinct occasions within the specified date range (September 12, September 19, September 28, and October 10, 2023). These achievements are a testament to OKX’s Liquid Marketplace, emerging as the preferred venue for institutional traders in pursuit of superior liquidity for a wide array of trades, including futures spreads, spot OTC basis, and options. Advertisement     Furthermore, according to a related announcement, OKX revealed that Nitro Spreads has crossed a cumulative trading volume of over 2 billion USDT since its launch in July 2023. Nitro Spreads empowers institutional traders with advanced strategies and efficient delta rolls on OKX’s Liquid Marketplace. With the unique ability to execute both sides of a trade via a central order book, Nitro Spreads minimizes leg risk between markets and provides institutional traders with enhanced capital efficiency. Traders can…
The post OKX’s Liquid Marketplace Attains $1.54 Billion in Futures Spreads Trading Volumes appeared on BitcoinEthereumNews.com.
Advertisement Renowned cryptocurrency exchange and Web3 technology company OKX is making waves in the crypto space as the company reveals a record monthly high of $1.54 billion in futures spreads trading volumes on its Liquid Marketplace. According to an official announcement today, this massive milestone has seen the company achieve up to 62% of the institutional market share for futures spreads for the month. Notably, the driving force behind this remarkable achievement is Nitro Spreads, a venue within OKX’s Liquid Marketplace that caters to institutional traders seeking to execute basis, futures spreads, and funding rate arbitrage strategies. Since its launch in July 2023, Nitro Spreads has consistently outperformed its competitors, positioning OKX at the forefront of the industry. From August 28 to October 11, OKX led the market in cumulative futures spreads volumes, emerging as a preferred platform for institutional traders. Notably, OKX’s futures spreads volumes surged on ‘high-water mark’ volume days, with the platform’s notional volumes surpassing the 100 million USDT mark on four distinct occasions within the specified date range (September 12, September 19, September 28, and October 10, 2023). These achievements are a testament to OKX’s Liquid Marketplace, emerging as the preferred venue for institutional traders in pursuit of superior liquidity for a wide array of trades, including futures spreads, spot OTC basis, and options. Advertisement Furthermore, according to a related announcement, OKX revealed that Nitro Spreads has crossed a cumulative trading volume of over 2 billion USDT since its launch in July 2023. Nitro Spreads empowers institutional traders with advanced strategies and efficient delta rolls on OKX’s Liquid Marketplace. With the unique ability to execute both sides of a trade via a central order book, Nitro Spreads minimizes leg risk between markets and provides institutional traders with enhanced capital efficiency. Traders can…
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