OKX Launches Nitro Spreads for One-Click Institutional Basis Trading

By Lola Coin Jun 27, 202357Views

Crypto exchange OKX has launched its new ‘Nitro Spreads’ feature on its institutional Liquid Marketplace. The 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 and can generate returns when executed properly. However, managing both legs of the trade simultaneously can be cumbersome. OKX’s Nitro Spreads automates this process into a single click, utilizing the platform’s liquidity and low latency. It is one of the only basis trading tools in the crypto market where both legs of the trade are executed via a central orderbook, eliminating leg risk. Traders can also select a guaranteed spread for a trade before execution to mitigate unexpected price slippage. The OKX Liquid Marketplace provides access to deep institutional liquidity and various crypto trading strategies.

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