OKX, the second-largest crypto exchange, has launched a new feature called ‘Nitro Spreads’ on its institutional Liquid Marketplace. This feature allows traders to make complex basis trades with one-click execution. Basis trading involves trading the difference between an asset’s price on two separate markets, such as spot vs. futures, and can generate returns when done correctly. Nitro Spreads automates this trade into one click, eliminating the need to manage both legs of the trade simultaneously. It also ensures that the two legs of the trade are executed via a central orderbook, reducing leg risk between markets. Traders can select a guaranteed spread before execution to mitigate unexpected price slippage. OKX aims to provide reliability and predictability in basis trading, and invites institutional traders to explore how Nitro Spreads can enhance their strategies. The OKX Liquid Marketplace offers access to deep institutional liquidity and various crypto trading strategies. OKX is the second-largest global crypto exchange and a leading Web3 ecosystem. It is dedicated to transparency and security and publishes its Proof of Reserves monthly.
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