Key Takeaways:
- OKX’s Liquid Marketplace achieves a monumental $3 billion in trading volume.
- Nitro Spreads, an innovative feature within the OKX Liquid Marketplace is now live for selected institutional clients.
- OKX fortifies its institutional offerings by broadening custody solutions in alliance with Komainu.
OKX, the global crypto juggernaut standing as the second-largest by trading volume, announced exciting developments for June 30, 2023. OKX Liquid Marketplace Hits Whopping $3 Billion Trading Volume; Establishes Benchmark
OKX is thrilled to declare that its Liquid Marketplace, the liquidity reservoir tailored for institutional traders. It has shattered the $3 billion mark in trading volume.
This accomplishment is a shining endorsement of Liquid Marketplace’s proficiency in delivering institutional traders with abundant liquidity and fail-proof execution. This proclamation comes on the heels of the introduction of the ‘Nitro Spreads‘ feature within the OKX Liquid Marketplace.
It is a network specializing in OTC, futures spreads, and options liquidity. Nitro Spreads enables traders to perform sophisticated basis trades through an intuitive one-click mechanism.
A selected roster of institutional clients who registered for preliminary access via the Liquid Marketplace portal have been greenlit to exploit Nitro Spreads. Extended access is scheduled for a broader clientele from July 5th.
Nitro Spreads distinguishes itself as one of the exclusive tools in the crypto arena that synchronously executes both legs of the trade via a centralized order book, thus nullifying leg risk across markets. It affords traders the luxury of locking in a guaranteed spread for a transaction.
Hence it negates the hazard of incomplete orders. The transactions are subsequently paired and settled instantly.
The OKX Liquid Marketplace is the gateway to a plethora of trading strategies, including futures spreads, sizable options block trades, or spot OTC. It caters to a deep pool of institutional liquidity.
In a previous announcement, OKX revealed that Liquid Marketplace exceeded $1 billion in trading volume in Q1 2023. That figure has catapulted to three times its initial value by June’s end.
In a bid to amplify its arsenal for institutional clientele, OKX is bolstering its custody solutions via collaborations with entities such as Komainu. This is in accordance to institutional clients heightened transparency and authority over their capital while optimizing efficiency. OKX is revered by over 50 million users worldwide for its ultra-rapid and fail-safe crypto trading applications.
With a partnership portfolio featuring Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 ace Daniel Ricciardo, OKX is on a mission to electrify the fan experience through interactive avenues. Additionally, as a premium sponsor of the Tribeca Festival, OKX is committed to ushering more creators into the Web3 realm.
OKX continues to diversify with its OKX Wallet, a new entrant catering to those eager to venture into NFTs and the metaverse. This is along with trading GameFi and DeFi tokens. The expansion of trading utilities and product innovations, such as the recent alliance with Komainu Connect, showcases OKX’s commitment to institutional growth.
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