OKX Liquid Marketplace Outperforms in September, Hits All-Time High $1.54 Billion in Monthly Futures Spreads Volume

OKX, a number one crypto change and Web3 expertise firm, immediately introduced that futures spreads buying and selling volumes on its Liquid Market, a spot OTC, futures spreads and choices liquidity community, reached a document 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.

Because the July 2023 launch of Nitro Spreads, a venue underneath OKX’s Liquid Market for institutional merchants to execute foundation, futures spreads and funding charge 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 throughout 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 Market because the go-to venue for institutional merchants trying to make the most of superior liquidity for a variety of trades, together with futures spreads, spot OTC foundation and choices.

OKX Chief Industrial Officer Lennix Lai mentioned: “The newest futures unfold quantity figures verify that OKX Liquid Market is a various ecosystem of counterparties pursuing a variety of buying and selling methods and signifies that it’s a buying and selling venue of selection for institutional merchants. Now we have labored laborious to develop the merchandise, liquidity and intuitive buying and selling options merchants demand in an intensely aggressive market atmosphere. We’ll proceed to hearken to our merchants and adapt the platform to their wants going ahead to additional develop our buyer base.”

Since its launch in July 2023, OKX introduced 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 power to execute each legs of a commerce through a central orderbook, Nitro Spreads minimizes leg danger between markets and gives institutional merchants with enhanced capital effectivity. Earlier than execution, merchants may choose a assured unfold for a commerce, mitigating sudden value slippage. Trades are then matched and settled instantly.

*Supply: Laevitas

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Disclaimer

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