Trade volume on OKX’s Liquid Marketplace, a network for professional and institutional traders, has surpassed $3 billion. The second-largest crypto exchange by 24-hour trading volume made the announcement, stating that the Liquid Marketplace had exceeded this milestone. This platform enables professional and institutional traders to send requests for quotes (RFQs) to market makers for large digital asset transactions. The order execution is discreet and does not significantly impact the market price on settlement. OKX is expanding its offerings for institutional customers through partnerships with regulated digital asset custody service provider Komainu and the addition of ‘Nitro Spreads’ to the Liquid Marketplace. Nitro Spreads is a trading tool that executes both legs of a trade simultaneously, mitigating leg risk between markets and automating the trade into one-click convenience.
Key Points:
– OKX’s Liquid Marketplace has surpassed $3 billion in trade volume.
– Institutional traders can use this platform to send RFQs for large digital asset transactions.
– The order execution is discreet and does not impact market prices significantly.
– OKX is expanding its offerings for institutional customers through partnerships and the addition of ‘Nitro Spreads’.
Hot Take:
OKX’s Liquid Marketplace reaching a trade volume of over $3 billion highlights its popularity among professional and institutional traders. With the addition of features like ‘Nitro Spreads’ and partnerships with regulated service providers, OKX is positioning itself as a comprehensive platform for institutional customers. The discreet order execution and convenience of one-click trading make it an attractive option for traders looking for efficient and secure digital asset transactions.
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