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.

Read this next

Chainwire

Bandit Network’s Points SDK and Brave Ads Power Astar zkEVM’s Quest Platform “Yoki Origins”

“Yoki Origins,” supported by Bandit Network and Brave Ads, introduces a gamified and rewarding experience for Astar zkEVM users, marking a significant milestone in Web3 adoption.

Digital Assets

Crypto ETFs to debut in Hong Kong next week

Hong Kong has authorized six cryptocurrency-based spot ETFs set to launch on April 30, according to Bloomberg.

blockdag

BlockDAG Among The Best New Crypto To Invest In Post 8 Billion Coins Sales; More On Bitcoin Cash Futures’ Launch & Solana Positive Predictions

Explore Solana’s ATH predictions to see whether it can rise after a $17B dip? BlockDAG sells 8 billion coins in presale as Bitcoin Cash Futures launch.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary:USD, FED, German IFO ,Gold April 24 ,2024

Mixed US economic data and Fed rate hike uncertainty are causing volatility in the EUR/USD pair, while the Eurozone and gold prices add another layer of complexity.

Market News, Tech and Fundamental, Technical Analysis

EURCHF Technical Analysis Report 24 April, 2024

EURCHF currency pair can be expected to rise further toward the next major resistance level 0.9840, which stopped the pervious waves C and B, as can be seen below.

Digital Assets

Binance’s CZ could stay in prison until 2027, wife begs for mercy

Changpeng “CZ” Zhao, the founder and former CEO of Binance, has apologized for his decisions and accepted “full responsibility” in a letter to U.S. District Judge Richard A. Jones.

Digital Assets

Monex Group expands crypto business with 3iQ takeover

Monex Group has completed the acquisition of a majority stake in 3iQ Digital Holdings, Inc., a Canadian digital asset investment fund manager, as part of its strategy to expand its crypto business.

Education, Fintech, Inside View

How to Get Into Fintech: Best Tips to Succeed

The Fintech sector is experiencing significant growth, with fresh opportunities emerging rapidly.  Innovations such as machine learning and cryptocurrency are revolutionising finance, leading to a need for trained experts.

Digital Assets

FalconX launches Prime Connect on Deribit

“We are pleased to launch Prime Connect with Deribit and look forward to providing our full suite of prime services which allow institutions to confidently scale their digital assets portfolios while trading on exchanges.”

<