OKX Achieves Record Monthly High in Futures Spreads Trading Volumes
OKX, a prominent crypto exchange and Web3 technology company, has announced that its Liquid Marketplace recorded a record monthly high of $1.54 billion in futures spreads trading volumes in September 2023. This represents 62% of the institutional market share for futures spreads during that month.
Nitro Spreads Leading the Market
Since the launch of Nitro Spreads in July 2023, OKX has dominated the market in cumulative futures spreads volumes from August 28 to October 11, 2023. The platform has also seen exceptional volumes on high-water mark days, with notional volumes exceeding $100 million USDT on four occasions.
OKX Liquid Marketplace: The Preferred Venue for Institutional Traders
These milestones solidify OKX’s Liquid Marketplace as the go-to platform for institutional traders seeking superior liquidity for various trades, including futures spreads, spot OTC basis, and options.
“The latest futures spread volume figures confirm that OKX Liquid Marketplace is a diverse ecosystem of counterparties pursuing a range of trading strategies and indicates that it is a trading venue of choice for institutional traders. We have worked hard to develop the products, liquidity, and intuitive trading features traders demand in an intensely competitive market environment. We will continue to listen to our traders and adapt the platform to their needs going forward to further grow our customer base.” – Lennix Lai, OKX Chief Commercial Officer
Nitro Spreads Surpasses $2 Billion Cumulative Trading Volume
OKX recently announced that Nitro Spreads has achieved a cumulative trading volume of over $2 billion USDT since its launch in July 2023. Nitro Spreads provides institutional traders with advanced strategies and efficient execution of delta rolls on OKX’s Liquid Marketplace.
About OKX
OKX is a leading global crypto exchange and Web3 company, trusted by over 50 million users worldwide. The platform aims to enhance the fan experience through partnerships with organizations such as Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo. OKX is also committed to transparency and security and publishes its Proof of Reserves monthly.
Hot Take: OKX Sets New Records in Futures Spreads Trading Volumes
OKX’s Liquid Marketplace continues to dominate the institutional market share for futures spreads, achieving a record monthly high of $1.54 billion in trading volumes. With the introduction of Nitro Spreads, OKX has solidified its position as the preferred venue for institutional traders seeking superior liquidity. The platform’s commitment to developing innovative products and intuitive trading features has contributed to its success in an intensely competitive market environment. As OKX surpasses $2 billion in cumulative trading volume, it further establishes itself as a leading global crypto exchange and Web3 company.
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