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OKX liquid marketplace launches ‘Nitro Spreads’ enabling one-click basis trading for institutional clients

okx-liquid-marketplace-launches-nitro-spreads-enabling-one-click-basis-trading-for-institutional-clients
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OKX liquid marketplace launches ‘Nitro Spreads’ enabling one-click basis trading for institutional clients

Dubai, UAE, June 27, 2023, Chainwire

OKX, the second-largest crypto exchange by trading volume and a web3 technology company, today launched its new “Nitro Spreads” feature on its institutional Liquid Marketplace, an over-the-counter (OTC), futures spreads and options liquidity network, allowing traders to make complex basis trades with simple one-click execution.

Basis trading is a strategy built around trading the difference between an asset’s price on two separate markets, such as spot vs. futures, and can generate returns when executed properly. It typically requires both legs of the trade to be managed simultaneously, which can be cumbersome.

OKX’s Nitro Spreads automates this complex trade into one click, leveraging the platform’s superior liquidity and low latency for maximum user benefit.

OKX Nitro spreads

Nitro Spreads is also one of the only basis trading tools in the crypto market. 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.

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. Institutional traders 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 $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 a web3 ecosystem. With over 50 million global users, OKX offers a fast and reliable crypto trading app for traders everywhere.

By partnering with 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 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 non-fungible tokens (NFTs) and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its proof-of-reserves monthly.

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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