OKX Reports Record Monthly High for Futures Spreads Trading Volumes
OKX, a leading 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 for the month.
Growth Since the Launch of Nitro Spreads
Since the launch of Nitro Spreads in July 2023, OKX has led the market in cumulative futures spreads volumes from August 28 to October 11, 2023. The platform’s volumes on futures spreads have also exceeded 100 million USDT on multiple occasions within this period.
Liquid Marketplace as the Go-To Venue
The significant trading volume milestones achieved by OKX solidify its Liquid Marketplace as the preferred venue 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,” says OKX Chief Commercial Officer Lennix Lai.
Nitro Spreads Surpasses $2 Billion in Cumulative Trading Volume
On October 6, OKX announced that Nitro Spreads has surpassed a cumulative trading volume of over $2 billion. Nitro Spreads provides institutional traders with an efficient venue to execute advanced strategies and facilitate delta rolls on OKX’s Liquid Marketplace.
About OKX
OKX is a leading global crypto exchange and Web3 company known for its speed and reliability. The platform is trusted by over 50 million users worldwide and offers various engagement opportunities, including partnerships with Manchester City FC, McLaren Formula 1, and the Tribeca Festival.
Hot Take: OKX Sets New Records in Futures Spreads Trading Volumes
OKX’s Liquid Marketplace has achieved a new milestone with its record monthly high of $1.54 billion in futures spreads trading volumes. This success highlights OKX as the go-to venue for institutional traders seeking superior liquidity. With the launch of Nitro Spreads, OKX continues to lead the market in cumulative futures spreads volumes. These achievements solidify OKX’s position as a diverse ecosystem catering to institutional traders’ needs and reinforce its commitment to providing innovative products and features.
By
By
By
By
By