March 4, 2024



Dubai, United Arab Emirates, June 27, 2023, Chainwire

OKis the second largest cryptocurrency exchange by trading volume and a leading Web3 technology company, today launched a new “Nitro Spreads” feature on its institutions liquid marketOTC, futures spreads, and options liquidity networks that allow traders to conduct complex basis trades with simple one-click execution.

A basis trade is a strategy of trading around the difference in the price of an asset in two different markets (such as spot vs. futures) that, when executed correctly, can generate returns. It often requires managing both legs of the transaction, which can be cumbersome. OKX’s Nitro Spreads automates this complex transaction into a one-click operation, leveraging the platform’s superior liquidity and low latency to maximize user benefits.

Nitro Spreads is also one of the only basis trading tools in the cryptocurrency market, where trades for both legs are executed through a central order book, eliminating leg risk between markets. Traders can also choose guaranteed spreads for trades prior to execution to reduce unexpected price slippage. The trade is then matched and settled immediately.

OKX Global Chief Commercial Officer Lennix Lai said: “In today’s complex market environment, institutions demand reliability, predictable returns, and true innovation when choosing a trading venue. This is especially true in basis trading, where precision is critical. Nitro Spreads improves the industry’s efficient basis The standard for trading, we invite institutional traders around the world to see how it can enhance their strategies and contribute to their success.”

Institutional traders can execute a variety of basis trading strategies through Nitro Spreads’ easy-to-use interface. Institutional traders can employ popular Delta One spread strategies such as calendar spreads, futures rollovers and funding rate farming – all in an order book format.

The on-demand OKX Liquid Marketplace offers deep institutional liquidity and a variety of cryptocurrency trading strategies, including futures spreads, large options block trades, or spot OTC trades to operate at scale. April, OKX Announce In the first three months of 2023, the trading volume of the liquid market exceeds 1 billion US dollars.

About OKX

OKX is the world’s second largest cryptocurrency exchange by trading volume, with a leading Web3 ecosystem. Trusted by over 50 million users worldwide, OKX is known as the fastest and most reliable cryptocurrency trading app for traders around the world.

As Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James and F1 driver Daniel Ricciardo as premier partners, OKX aims to enhance the fan experience through new engagement opportunities. OKX is also a top-tier partner of the Tribeca Festival as part of the initiative to bring more creators to web3.

In addition to OKX’s exchange, the OKX Wallet is the platform’s latest offering for those looking to explore NFT and virtual worlds while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves monthly.

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

disclaimer

This announcement is for informational purposes only. It is not intended to provide any investment, tax or legal advice and should not be considered an offer to buy, sell or hold digital assets. Digital assets, including stablecoins, are riskier, more volatile, and may even become worthless. OKX is not regulated by the FCA and therefore does not offer protections such as the Financial Ombudsman Service or the Financial Services Compensation Scheme. You should consider whether you understand how cryptocurrencies work and whether trading or holding digital assets is right for you depending on your financial situation. The value of your digital assets, including stablecoins, may increase or decrease, and profits may be subject to capital gains tax. Past performance is not indicative of future results. For questions regarding your specific situation, please consult your legal/tax/investment professional.

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