OKX Reports Record Monthly High in Futures Spreads
OKX, a crypto exchange and Web3 technology company, recorded a record monthly high in its Liquid Marketplace with futures spreads trading volumes of $1.54 billion in September 2023, representing 62% of the institutional market share for futures spreads. This success was attributed to the launch of “Nitro Spreads,” a dedicated venue for institutional traders to execute basis, futures spreads, and funding rate arbitrage strategies. The platform’s cumulative futures spreads volumes consistently led the market from August 28 to October 11.
OKX’s Liquid Marketplace has achieved high-water mark volumes on futures spreads, exceeding 100 million USDT on four occasions, making it the preferred venue for institutional traders seeking superior liquidity for various trades, including futures spreads, spot OTC basis, and options.
(With inputs from Shikha Singh)
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