OKX Liquid Market Outperforms in September, Hits All-Time Excessive $1.54 Billion in Month-to-month Futures Spreads Quantity

by Chainwire

Revealed: October 18, 2023 at 5:40 am Up to date: October 18, 2023 at 5:40 am

Dubai, UAE, October 18th, 2023, Chainwire

OKX, a number one crypto alternate and Web3 expertise firm, in the present day introduced that futures spreads buying and selling volumes on its Liquid Market, a spot OTC, futures spreads and choices liquidity community, reached a file 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 below 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 spread of trades, together with futures spreads, spot OTC foundation and choices.

OKX Chief Business Officer Lennix Lai mentioned: “The most recent futures unfold quantity figures verify that OKX Liquid Market is a various ecosystem of counterparties pursuing a spread of buying and selling methods and signifies that it’s a buying and selling venue of alternative for institutional merchants. We’ve labored exhausting to develop the merchandise, liquidity and intuitive buying and selling options merchants demand in an intensely aggressive market surroundings. We’ll proceed to take heed 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 flexibility to execute each legs of a commerce through a central orderbook, Nitro Spreads minimizes leg threat between markets and supplies institutional merchants with enhanced capital effectivity. Earlier than execution, merchants can even choose a assured unfold for a commerce, mitigating sudden value slippage. Trades are then matched and settled instantly.

*Supply: Laevitas

About OKX

OKX is a number one international crypto alternate and modern Web3 firm. Trusted by greater than 50 million international customers, OKX is thought for being the quickest and most dependable crypto buying and selling app for merchants in every single place.

As a high associate of English Premier League champions Manchester Metropolis FC, McLaren Method 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX goals to supercharge the fan expertise with new engagement alternatives. OKX can also be the highest associate of the Tribeca Pageant as a part of an initiative to convey extra creators into web3.

The OKX Pockets is the platform’s newest providing for individuals trying to discover the world of NFTs and the metaverse whereas buying and selling GameFi and DeFi tokens.

OKX is dedicated to transparency and safety and publishes its Proof of Reserves on a month-to-month foundation.

To study extra about OKX, obtain our app or go to: okx.com

Disclaimer

This announcement is supplied for informational functions solely. It’s not supposed to supply any funding, tax, or authorized recommendation, nor ought to it’s thought of a proposal to buy, promote, maintain or supply any providers regarding digital property. Digital property, together with stablecoins, contain a excessive diploma of threat, can fluctuate tremendously, and might even turn out to be nugatory. Leveraged buying and selling in digital property magnifies each potential beneficial properties and potential losses and will outcome within the lack of your whole funding. Previous efficiency just isn’t indicative of future outcomes. It is best to rigorously think about whether or not buying and selling or holding digital property is appropriate for you in mild of your monetary situation, significantly if contemplating the usage of leverage.You’re solely answerable for your buying and selling methods and selections, and OKX just isn’t answerable for any potential losses. Not all merchandise and promotions can be found in all areas together with the united statesA., U.Okay., Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea, Syria Malta, Australia, Bangladesh, Bolivia, The Bahamas, Canada, Malaysia, Hong Kong, France, and Singapore. For extra particulars, please check with the OKX Phrases of Use and Danger & Compliance Disclosure.

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