OKXa leading crypto exchange and Web3 technology, announced today that forward margin trading volumes get him Liquid Marketplacean OTC spot, futures spreads and options liquidity network, reached a monthly record high of US$1.54 billion in September 2023. This achievement represents 62%* of the institutional market share for the month’s futures.
From July 2023 launch of Nitro Spreads, a space within OKX’s Liquid Marketplace for institutional investors to execute basis, futures and funding rate arbitrage strategies, OKX’s aggregator forward margin volumes led the market from August 28 to October 11, 2023.
OKX futures volumes also prevailed on “high level” volume days, with OKX futures 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 stabilize OKX Liquid Marketplace as the meeting place for institutional investors who wish to benefit from superior liquidity for a range of trades including futures spreads, OTC basis and options.
OKX Chief Commercial Officer Lennix Lai said: “The latest futures volume figures confirm that the OKX Liquid Marketplace is a diverse ecosystem of counterparties following a range of trading strategies and suggests that it is a trading venue of choice for institutional investors. We have worked hard to develop the products, liquidity and intuitive trading features that traders demand in a fiercely competitive market environment. We will continue to listen to our merchants and adapt the platform to their needs to further grow our customer base.”
Nitro Spreads is a meeting place for institutional investors to execute advanced strategies and facilitate delta rollers efficiently on OKX’s Liquid Marketplace. By enabling both legs of a trade to be executed through a central order book, Nitro Spreads minimizes leg risk between markets and provides institutional traders with improved capital return. Before execution, traders can also choose a guaranteed spread for a trade, mitigating unexpected price slippage. The trades are then matched and settled instantly.
OKX is a leading global crypto exchange and Web3 innovator. Trusted by more than 50 million global users, OKX is known to be the fastest and most reliable crypto trading application for traders everywhere.
As the premier 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 flagship partner of Tribeca Festival as part of an initiative to attract more creators to the web3.
The OKX Wallet is the platform’s latest offering for people who want to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
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