OKX Liquid Marketplace introduces ‘Nitro Spreads’ for Institutional Clients, enabling one-click basis trading.

Dubai, UAE, June 27th, 2023, Chainwire

OKX, the second-largest cryptocurrency exchange based on trading volume and a leading Web3 technology company, has launched a new feature called ‘Nitro Spreads’ on its institutional Liquid Marketplace. This marketplace provides liquidity for over-the-counter (OTC), futures spreads, and options, enabling traders to execute complex basis trades with a single click.

Basis trading is a strategy that focuses on trading the difference between an asset’s price on two different markets, such as spot versus futures. When executed properly, it can generate returns. However, it generally requires managing both legs of the trade simultaneously, which can be cumbersome. Nitro Spreads automates this complex trade into a single click, leveraging the platform’s superior liquidity and low latency for maximum user benefit.

Nitro Spreads is one of the only basis trading tools in the crypto market in which the two legs of the trade are executed via a central order book, eliminating leg risk between markets. Before execution, traders can also select a guaranteed spread for a trade, mitigating unexpected price slippage. Trades are then matched and settled immediately.

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• OKX launches ‘Nitro Spreads’, enabling one-click basis trading.

OKX Global Chief Commercial Officer Lennix Lai said: “In the current complex market environment, institutions demand reliability, predictable returns, and genuine innovation when choosing a trading venue. This is especially true in basis trading, where precision is paramount. Nitro Spreads raises the bar for the industry for efficient basis trading, and we invite institutional traders everywhere to see how it can enhance their strategies and contribute to their success.”

Institutional traders can execute various basis trading strategies through Nitro Spreads’ easy-to-use interface. They can employ popular delta one spread strategies like calendar spreads, future rolls, and funding rate farming, all in an order book format.

The on-demand OKX Liquid Marketplace provides access to deep institutional liquidity and several crypto trading strategies, including futures spreads, large options block trades, or spot OTC, to run at scale. In April, OKX announced that the Liquid Marketplace exceeded USD 1 billion in trading volume during the first three months of 2023.

About OKX

OKX is the second-largest global cryptocurrency exchange based on trading volume and a leading Web3 ecosystem. 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.

Beyond OKX’s exchange, 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: okx.com

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, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.

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