Nitro

Billion

Dubai, UAE, October 18th, 2023, Chainwire 
<a href="https://www.okx.com/?ACE514357" rel="nofollow noopener" target="_blank">OKX</a>, a leading crypto exchange and Web3 technology company, today announced that <a href="https://app.laevitas.ch/misc/future/spreads" rel="nofollow noopener" target="_blank">futures spreads trading volumes</a> on its <a href="https://www.okx.com/liquid-marketplace" rel="nofollow noopener" target="_blank">Liquid Marketplace</a>, a spot OTC, futures spreads and options liquidity network, reached a record monthly high of US$1.54 billion in September 2023. This achievement represents <a href="https://app.laevitas.ch/misc/future/spreads" rel="nofollow noopener" target="_blank">62%</a>* of the institutional market share for futures spreads for the month. 
Since the July 2023 <a href="https://www.okx.com/learn/okx-liquid-marketplace-launches-nitro-spreads-one-click-basis-trading" rel="nofollow noopener" target="_blank">launch</a> of Nitro Spreads, a venue under OKX’s Liquid Marketplace for institutional traders to execute basis, futures spreads and funding rate arbitrage strategies, OKX’s cumulative <a href="https://app.laevitas.ch/misc/future/spreads" rel="nofollow noopener" target="_blank">futures spreads volumes</a> led the market from August 28 to October 11 in 2023. 
OKX’s volumes on futures spreads also excelled during ‘high-water mark’ volume days, with OKX futures spreads notional volumes exceeding the 100 million USDT mark on four occasions within the date range (on September 12, September 19, September 28 and October 10 in 2023). 
These trading volume milestones solidify OKX’s <a href="https://www.okx.com/liquid-marketplace" rel="nofollow noopener" target="_blank">Liquid Marketplace</a> as the go-to venue for institutional traders looking to take advantage of superior liquidity for a range of trades, including futures spreads, spot OTC basis and options. 
<blockquote>
 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 indicates that it is a trading venue of choice for institutional traders. We have worked hard to develop the products, liquidity and intuitive trading features traders demand in an intensely competitive market environment. We will continue to listen to our traders and adapt the platform to their needs going forward to further grow our customer base.”
</blockquote> 
Since its launch in July 2023, OKX <a href="https://www.globenewswire.com/news-release/2023/10/09/2756997/0/en/Flash-News-OKX-Nitro-Spreads-Surpasses-2-Billion-USDT-in-Cumulative-Trading-Volume-Since-July-2023-Launch.html" rel="nofollow noopener" target="_blank">announced</a> on October 6 that <a href="https://www.okx.com/learn/okx-liquid-marketplace-launches-nitro-spreads-one-click-basis-trading" rel="nofollow noopener" target="_blank">Nitro Spreads</a> has surpassed a cumulative trading volume of over 2 billion USDT. 
Nitro Spreads is a venue for institutional traders to execute advanced strategies and facilitate delta rolls efficiently on OKX’s Liquid Marketplace. With the ability to execute both legs of a trade via a central orderbook, Nitro Spreads minimizes leg risk between markets and provides institutional traders with enhanced capital efficiency. Before execution, traders can also select a guaranteed spread for a trade, mitigating unexpected price slippage. Trades are then matched and settled immediately. 
*Source: <a href="https://app.laevitas.ch/misc/future/spreads" rel="nofollow noopener" target="_blank">Laevitas</a> 
About OKX 
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere. 
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3. 
The OKX Wallet is the platform’s latest 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 its Proof of Reserves on a monthly basis. 
To learn more about OKX, download our app or visit: <a href="https://www.globenewswire.com/Tracker?data=vkUWbL0o0JBxwWO1mi9Q5RYeTcfwfKctC8EsU6CmARry_6kT3HDi2KFTrNH2xhp7HOp5Y3x79UifjEn3MEa1dw==" rel="nofollow noopener" target="_blank">okx.com</a> 
Disclaimer 
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. Leveraged trading in digital assets magnifies both potential gains and potential losses and could result in the loss of your entire investment. Past performance is not indicative of future results. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition, particularly if considering the use of leverage.You are solely responsible for your trading strategies and decisions, and OKX is not responsible for any potential losses. Not all products and promotions are available in all regions including the U.S.A., U.K., Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea, Syria Malta, Australia, Bangladesh, Bolivia, The Bahamas, Canada, Malaysia, Hong Kong, France, and Singapore. For more details, please refer to the OKX Terms of Use and Risk &amp; Compliance Disclosure. 
<h5>Contact</h5> 
Media media@okx.com 
Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. <a href="https://cryptopolitan.com/">Cryptopolitan.com</a> is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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

Cryptopolitan_News

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