OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has launched its new ‘Nitro Spreads’ feature on its institutional Liquid Marketplace. This feature allows institutional traders to execute complex basis trades with just one click. Basis trading is a strategy that involves trading the difference between an asset’s price on two separate markets. Nitro Spreads automates this process, leveraging OKX’s liquidity and low latency for maximum user benefit.
What sets Nitro Spreads apart is that it is one of the few basis trading tools in the crypto market where both legs of the trade are executed via a central orderbook. This eliminates leg risk between markets and allows for immediate settlement. Traders can also select a guaranteed spread for a trade to mitigate unexpected price slippage.
Lennix Lai, OKX Global Chief Commercial Officer, emphasizes that institutions demand reliability, predictable returns, and genuine innovation in trading venues, especially in basis trading. Nitro Spreads raises the bar for the efficiency of basis trading and invites institutional traders to see how it can enhance their strategies.
Institutional traders can execute a variety of basis trading strategies through Nitro Spreads’ easy-to-use interface. Popular delta one spread strategies like calendar spreads, future rolls, and funding rate farming can all be employed in an orderbook format.
The OKX Liquid Marketplace provides access to deep institutional liquidity and various crypto trading strategies. In the first three months of 2023, the Liquid Marketplace exceeded $1 billion in trading volume. OKX aims to be a reliable and fast crypto trading app, trusted by over 50 million global users.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. The company offers a range of products and services, including the OKX Wallet for exploring the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
Disclaimer: This announcement is for informational purposes only and does not provide investment, tax, or legal advice. Digital assets involve risk and can fluctuate greatly. OKX is not regulated by the FCA and does not offer the protections of the Financial Ombudsman Service or Financial Services Compensation Scheme. Traders should understand how crypto works and consider their financial condition before trading or holding digital assets. Consult a professional for advice tailored to your circumstances.
About OKX: OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by millions of users, OKX aims to enhance the fan experience by partnering with top organizations and athletes.