OKXa leading crypto exchange and Web3 technology company, announced today futures spread trading volumes up Liquid marketplacea spot OTC, futures spreads and options liquidity network, reached a monthly record of $1.54 billion in September 2023. This achievement represents 62%* of the institutional market share for futures spreads for the month.
Since July 2023 launch from Nitro Spreads, a platform under OKX’s Liquid Marketplace where institutional traders can execute basis, futures spreads and funding rate arbitrage strategies, the cumulative futures spread volumes led the market from August 28 to October 11 in 2023.
OKX futures spread volumes also excelled during high-water mark volume days, with notional OKX futures spread volumes crossing the USDT 100 million mark four times within the date range (on September 12, September 19, 28 September and October 10 in 2023).
These trading volume milestones reinforce those of OKX Liquid marketplace as the go-to venue for institutional traders looking to benefit from superior liquidity for a range of trades including futures spreads, spot OTC basis and options.
OKX Chief Commercial Officer Lennix Lai said: “The latest futures spread volume figures confirm that OKX Liquid Marketplace is a diverse ecosystem of counterparties pursuing a range of trading strategies and indicate that it is a trading platform of choice for institutional traders. We’ve worked hard to develop the products, liquidity and intuitive trading features that traders demand in an intensely competitive market environment. We will continue to listen to our merchants and adapt the platform to their needs in the future to further grow our customer base.”
Since its launch in July 2023, OKX announced on October 6 that Nitro spreads has surpassed a cumulative trading volume of more than 2 billion USDT.
Nitro Spreads is a platform for institutional traders to execute advanced strategies and efficiently facilitate delta rolls on OKX’s Liquid Marketplace. With the ability to execute both parts of a trade through a central order book, Nitro Spreads minimizes leg risk between markets and provides institutional traders with greater capital efficiency. Before execution, traders can also select a guaranteed spread for a trade, limiting unexpected price drops. Transactions are then matched and settled immediately.
*Source: Laevitas
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Disclaimer
This announcement is for informational purposes only. It is not intended to provide investment, tax or legal advice, nor should it be considered an offer to buy, sell, hold or offer any services related to digital assets. Digital assets, including stablecoins, carry high risk, can fluctuate widely and even become worthless. Leveraged trading in digital assets increases both potential profits and potential losses and can result in the loss of your entire investment. Past performance is not an indication of future results. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial situation, especially if you are considering the use of leverage. You are solely responsible for your trading strategies and decisions, and OKX is not responsible for any losses. Not all products and promotions are available in all regions, including US, UK, Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea, Syria, Malta, Australia, Bangladesh, Bolivia, Bahamas, Canada, Malaysia, Hong Kong, France, and Singapore. For more details, please refer to the OKX Terms of Use and Risk and Compliance Disclosure.
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