OKX Sets Record with $1.54 Billion in Futures Spreads Trading Volumes
OKX, a leading crypto exchange and Web3 technology company, has announced that its Liquid Marketplace saw record futures spreads trading volumes of $1.54 billion in September 2023. This represents 62% of the institutional market share for futures spreads for the month.
Nitro Spreads Leads the Market
Since the launch of Nitro Spreads in July 2023, OKX’s cumulative futures spreads volumes have led the market from August 28 to October 11, 2023.
High-Water Mark Volume Days
OKX also achieved high trading volumes on four occasions, surpassing the 100 million USDT mark for futures spreads notional volumes.
Liquid Marketplace: The Go-To Venue
These milestones establish OKX’s Liquid Marketplace as the preferred venue for institutional traders seeking superior liquidity for various trades.
OKX Chief Commercial Officer Lennix Lai: “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.”
Nitro Spreads Surpasses $2 Billion Cumulative Trading Volume
Nitro Spreads, a venue for institutional traders on OKX’s Liquid Marketplace, has exceeded a cumulative trading volume of over $2 billion since its launch in July 2023. It offers advanced trading strategies and efficient delta rolls.
About OKX
OKX is a leading global crypto exchange and Web3 company trusted by more than 50 million users worldwide. It aims to enhance the fan experience through partnerships with organizations like Manchester City FC and McLaren Formula 1. OKX is committed to transparency, security, and providing innovative products such as the OKX Wallet for NFTs and the metaverse.
Hot Take: OKX Sets New Record in Futures Spreads Trading
OKX’s Liquid Marketplace achieved a record monthly high of $1.54 billion in futures spreads trading volumes in September 2023. With its leading platform, Nitro Spreads, OKX continues to dominate the market and provide institutional traders with enhanced liquidity and trading features. These milestones solidify OKX’s position as the go-to venue for traders looking to execute various trading strategies. As OKX continues to listen to its traders and adapt its platform, it aims to further grow its customer base and maintain its status as a top crypto exchange.
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