OKX Liquid Marketplace Achieves Record $1.54 Billion in Monthly Futures Spreads Volume in September

Published:

Dubai, UAE, October 18th, 2023 – Chainwire

OKX, a leading cryptocurrency exchange, today announced that trading volumes for futures spreads on its website have reached a monthly record of US$1.54 billion in September 2023. This achievement represents 62% of institutional market share for futures spreads for the month.

The Liquid Marketplace, which includes futures spreads, options and futures spreads, was launched in July 2023. Since then, OKX’s cumulative futures spreads volumes have led the market from August 28th to October 11th 2023.

OKX’s volumes on futures spreads have also excelled during ‘high-water mark’ days. The notional volume of OKX futures spreadings has exceeded 100 million USDT on four occasions during the date range (September 12th, September 19th, September 28th and October 10th 2023).

These trading volume milestones solidify OKX’s Liquid Marketplace as the venue of choice for institutional traders seeking to maximize liquidity on a variety of trades including futures contracts, spot OTC and options.

OKX Chief Commercial Officer Lennix Lai said: “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.”

OKX announced Nitro Spreads on October 6th 2023. Since then, the trading volume has exceeded 2 billion USDT.

Nitro Spreads is a venue for institutional traders to execute advanced strategies and facilitate delta rolls efficiently on OKX’s Liquid Marketplace. With the ability to execute both legs in a trade using a central orderbook, the system reduces the risk of leg-risk between markets, and gives institutional traders greater capital efficiency. Traders can select a spread that is guaranteed and the match is then immediately settled.

*Source: Laevitas

About OKX

OKX is a global leader in crypto trading and a pioneer of innovative technologies. Trusted by over 50 million users worldwide, OKX is the world’s fastest and most reliable cryptocurrency trading app.

As a top partner of English Premier League Champions Manchester City FC, McLaren Formula 1, and Olympian Scotty James, OKX is aiming to boost fan engagement with new opportunities. OKX is also the leading partner of the Tribeca Festival Web3, a new initiative that aims to increase the number of creators on web3.

The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is dedicated to security and transparency, and publishes all of its information and reserves on a monthly basis.

To learn more, download our app or visit us: okx.com

Disclaimer

This announcement is for informational and educational purposes only. It is not meant to be a source of investment, tax or legal advice. Nor should it be construed as an offer to buy, sell, retain or offer services related to digital assets. Digital assets, Stablecoins and other assets can carry a lot of risk. Their value can change dramatically, or even go to zero. Leveraged trading of digital assets can result in a loss of all your investment. Past performance is not indicative of future results. You should consider your financial situation before deciding whether you can afford to trade or hold digital assets, especially if you are considering leverage. OKX will not be held responsible for any losses that may occur as a result of your trading decisions and strategies. Not all products and promotions are available in the United States, Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea, Syria, Malta, Australia, Bangladesh, Bolivia, The Bahamas, Canada, Malaysia, Hong Kong, France and Singapore. Please refer to the OKX Terms of Use and Risk & Compliance Disclosure for more information. The following are some examples of how to get started.

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