OKX Liquid Marketplace Launches ‘Nitro Spreads’ Enabling One-Click Trading for Institutional Clients
Dubai, UAE, June 27, 2023, Chainwire
OKAYthe second largest crypto exchange by trading volume and a leading Web3 technology company, today launched a new ‘Nitro Spreads’ feature at its institution Liquid Marketan OTC, futures spread, and options liquidity network, enabling traders to execute complex base trades with simple one-click execution.
Base trading is a strategy built for trading the difference between the price of an asset in two separate markets, such as spot vs. futures, and can be profitable if executed properly. It usually requires both legs of the trade to be managed simultaneously, which can be impractical. Nitro Spreads from OKX automates these complex trades in one click, taking advantage of the platform’s superior liquidity and low latency for maximum user benefits.
Nitro Spreads are also the only basic trading tool in the crypto market where two legs of trades are executed via a central orderbook, eliminating the risk of legs between markets. Prior to execution, traders can also select guaranteed spreads for trading, reducing unexpected price slippage. Trades are then matched and settled immediately.
Said Lennix Lai, Chief Commercial Officer of OKX Global: “In today’s complex market environment, institutions demand reliability, predictable returns, and true innovation when choosing where to trade. This is especially true in base trading, where precision is paramount. Nitro Spreads raises the industry standard for efficient basic trading, and we invite institutional traders everywhere to see how it can enhance their strategies and contribute to their success.”
A variety of basic trading strategies can be executed by institutional traders via the easy-to-use Nitro Spreads interface. Institutional traders can use popular delta one spread strategies such as calendar spreads, future rolls, and funding level farms – all in an order book format.
The OKX Liquid Marketplace on-demand provides access to deep institutional liquidity and a range of crypto trading strategies, including futures spreads, large option block trades or spot OTC, to be executed at scale. In April, OKX announced that Liquid Marketplace exceeded USD 1 billion in trading volume during the first three months of 2023.
About OKX
OKX is the second largest global crypto exchange by trading volume and the leading Web3 ecosystem. Trusted by over 50 million global users, OKX is known as the fastest and most reliable crypto trading app for traders everywhere.
As the principal partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James and F1 driver Daniel Ricciardo, OKX aims to enhance the fan experience with new interaction opportunities. OKX is also a top partner of the Tribeca Festival as part of an initiative to bring more creators to web3.
Beyond the OKX exchange, the OKX Wallet is the newest platform offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
OKX is committed to transparency and security and publishes Proof of Reserves every month.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
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