OKX launches block trading with entry point at $100,000

Rick Steves

“Following the recent liquidity crisis in which a lack of transparency and communication caused investor losses, we have worked with clients to create customized instruments and establish better risk management and capital efficiency than anyone else can offer.”

OKX has announced the public launch of Block Trading, a feature that allows institutional and high net worth investors to place significant trades with no price slippage and minimal market impact via block trade, a privately negotiated purchase or sale of large blocks of assets settled over the counter.

OKX Block Trading allows crypto traders to access a secondary liquidity pool away from the order book in order to trade with minimal market impact and no price slippage.

OKX Block Trading connects to several market makers

The soft launch of the service took place in June and allowed OKX to make significant improvements resulting in a final product that:

  • Leverages OKX’s industry-leading tech stack
  • Utilizes a marketplace model for OTC liquidity with several market makers. This means the best price wins
  • Incorporates multi-leg strategies and RFQ automation for reduced execution risk and better prices
  • Allows traders to maximize their capital efficiency using lower margins
  • The entry point for Block Trading is now $100k instead of $200k
  • To celebrate the public launch of Block Trading, OKX is offering its VIP clients up to 50% off in taker fee rebates

Lennix Lai, Director of Financial Markets, OKX, commented: “OKX’s block trading product is restructuring the crypto market. While some liquidity networks provide similar offerings, their products don’t deliver the same level of customization or capital optimization across instruments. Following the recent liquidity crisis in which a lack of transparency and communication caused investor losses, we have worked with clients to create customized instruments and establish better risk management and capital efficiency than anyone else can offer.”

OKX caters to more than 20 million global customers with a reliable crypto trading app for investors and professional traders. Its brand campaigns have led it to partner with English Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

OKX relaunched P2P trading platform

The company has recently relaunched its P2P (peer-to-peer) trading platform that allows users to trade between one another. The revamped service includes more payment methods for P2P trading and has OKX acting as an intermediary to offer risk management to traders. OKX now offers more than 900 payment methods from across 40 different currencies.

The P2P trading service enables users to be their own marketplace – by issuing “advertisements” in order to trade with one another and better control the price they buy and sell at.

Users in unbanked markets, who may lack access to conventional banking infrastructure, can leverage OKX’s P2P Trading platform to connect to other users.

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