OKX adds crypto-margined spreads and WebSocket trading for institutional players
These updates are a significant step forward for OKX’s OTC, futures spreads, and options liquidity network, known as Liquid Marketplace. By enhancing its features and capabilities, OKX aims to better serve its institutional clientele, catering to their evolving trading needs and preferences.
Crypto exchange OKX has unveiled a series of updates aimed at enhancing its institutional trading capabilities. The updates are poised to strengthen OKX’s position as a premier platform for institutional traders in the crypto market.
One of the key highlights of these updates is the integration of crypto-margined spreads into OKX’s institutional spread trading tool, Nitro Spreads. This addition empowers institutional traders to leverage cryptocurrency as margin, providing them with increased flexibility and diversified trading strategies.
WebSocket trading has also been introduced to Nitro Spreads, allowing users to execute orders with exceptional speed. This feature aligns Nitro Spreads with high-frequency trading capabilities, bringing it in line with the primary OKX exchange and ensuring a competitive edge for institutional traders.
Additionally, Nitro Spreads has broadened its market offerings, introducing spreads on the weeklies and quarterlies of inverse contracts. These futures spreads were not previously available on OKX, further expanding the trading opportunities for institutional clients.
A step forward for OKX’s OTC, futures spreads, and options liquidity network
These updates are a significant step forward for OKX’s OTC, futures spreads, and options liquidity network, known as Liquid Marketplace. By enhancing its features and capabilities, OKX aims to better serve its institutional clientele, catering to their evolving trading needs and preferences.
Since the launch of Nitro Spreads, OKX has achieved cumulative trading volumes exceeding $500 million. Notably, some of the largest trades on the platform have involved hundreds of Bitcoin and thousands of Ethereum, firmly establishing Nitro Spreads as an institutional-grade trading platform.
In tandem with these updates, OKX recently published the first installment in its series of institutional market analyses titled ‘How OKX’s Nitro Spreads tool can help institutional investors navigate volatile markets.’
This report, based on data from the first half of 2023, revealed that Bitcoin delivered 98% of its returns on just eight trading days out of 180. This underscores the challenge of timing stable returns in the cryptocurrency market, providing valuable insights for institutional traders.
Nitro Spreads is available through OKX’s Liquid Marketplace, making it one of the few spread trading tools in the crypto market where both legs of a trade are executed simultaneously via the order book. This feature eliminates leg risk between markets, providing traders with added security and efficiency.
While Nitro Spreads is currently accessible to select institutional traders who apply for early access, OKX plans to roll out this feature to all its institutional clients in the coming weeks.
