OKX, a leading crypto exchange and Web3 technology company, has announced that its futures spreads trading volumes on the Liquid Marketplace reached a record monthly high of $1.54 billion in September 2023. This represents 62% of the institutional market share for futures spreads for the month. Since the launch of Nitro Spreads in July 2023, OKX has led the market in cumulative futures spreads volumes from August 28 to October 11. The platform has also achieved high trading volumes on multiple occasions, with notional volumes exceeding $100 million USDT. These milestones solidify OKX’s Liquid Marketplace as the go-to venue for institutional traders looking for superior liquidity in futures spreads, spot OTC basis, and options trading.
Lennix Lai, OKX Chief Commercial Officer, expressed that the latest futures spread volume figures confirm that the OKX Liquid Marketplace is a diverse ecosystem of counterparties with a range of trading strategies. He emphasized their commitment to listening to traders and adapting the platform to their needs, further growing their customer base. In addition, Nitro Spreads, a venue for institutional traders to execute advanced strategies, has surpassed a cumulative trading volume of over 2 billion USDT since its launch. Nitro Spreads offers enhanced capital efficiency and minimizes leg risk between markets, providing institutional traders with a seamless trading experience while mitigating price slippage. Overall, OKX aims to be the fastest and most reliable crypto trading app for traders globally, continually striving to enhance the fan experience and expand engagement opportunities.
#OKX #LiquidMarketplace #CryptoExchange #FuturesTrading #InstitutionalTraders #NitroSpreads #LiquidityNetwork #TradingVolumeMilestones
Image: https://weeklyfinancenews.online/wp-content/uploads/2023/07/economics6-e1691656828815.jpeg
Comments are closed.