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 just one click. Basis trading involves trading the price difference between an asset on two different markets, such as spot vs. futures. Nitro Spreads automates this trade into a single click, reducing the need for simultaneous management of both legs of the trade. It also eliminates leg risk between markets by executing the trade through a central orderbook. Traders can select a guaranteed spread before execution to mitigate price slippage. OKX aims to provide reliability, predictable returns, and innovation to institutional traders. Nitro Spreads offers various basis trading strategies, including calendar spreads, future rolls, and funding rate farming. The OKX Liquid Marketplace offers access to institutional liquidity and various crypto trading strategies. OKX is the second-largest global crypto exchange and a leading Web3 ecosystem. They are committed to transparency and security and provide a monthly Proof of Reserves.
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