{"id":50650,"date":"2024-01-21T14:41:08","date_gmt":"2024-01-21T14:41:08","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/okxs-liquid-marketplace-surpasses-us10-billion-in-cumulative-institutional-trading-volume\/"},"modified":"2024-01-21T14:41:08","modified_gmt":"2024-01-21T14:41:08","slug":"okxs-liquid-marketplace-surpasses-us10-billion-in-cumulative-institutional-trading-volume","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/okxs-liquid-marketplace-surpasses-us10-billion-in-cumulative-institutional-trading-volume\/","title":{"rendered":"OKX’s Liquid Marketplace Surpasses US$10 Billion in Cumulative Institutional Trading Volume"},"content":{"rendered":"
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DUBAI, United Arab Emirates, Jan. 19, 2024 (GLOBE NEWSWIRE) — OKX<\/a>, a leading crypto exchange and Web3 technology company, has issued updates for January 19, 2024.<\/p>\n

OKX’s Liquid Marketplace Surpasses US$10 Billion in Cumulative Institutional Trading Volume<\/strong><\/p>\n

OKX<\/a> today announced that its Liquid Marketplace<\/a><\/em>, a spot OTC, futures spreads and options liquidity network,\u00a0has surpassed US$10 billion in cumulative institutional trading volume (as of December 2023). This milestone underscores the continued growth of OKX’s Liquid Marketplace <\/em>and demonstrates its success in providing deep liquidity and reliable\u00a0execution for institutional traders.<\/p>\n

Launched in December 2022, OKX’s Liquid Marketplace<\/em> offers innovative solutions tailored to the specific requirements of institutional traders. With the 2023 July launch of Nitro Spreads<\/em>, a venue within OKX’s Liquid Marketplace<\/em> for executing basis, futures spreads and funding rate arbitrage strategies, OKX has solidified its industry-leading position in cumulative futures spreads volumes. <\/p>\n

OKX’s Liquid Marketplace<\/em> also recently recorded a monthly high in futures spreads trading volumes, reaching 2.13 billion USDT in December 2023. This accomplishment accounts for 54%* of the institutional market share for futures spreads for the said month. The top underlying assets contributing to future spreads volumes in December 2023 were BTC, accounting for 77% of the month’s volumes, and ETH, representing 23% of the month’s volumes.<\/p>\n

For a more detailed breakdown of monthly futures spreads volumes on OKX’s Liquid Marketplace<\/em>, please refer to the table* below:<\/p>\n\n\n\n\n\n\n\n\n
Month<\/strong><\/td>\nTrading Volume (in USDT) <\/strong><\/td>\n<\/tr>\n
July 2023<\/td>\n72 million<\/td>\n<\/tr>\n
August 2023<\/td>\n385 million<\/td>\n<\/tr>\n
September 2023<\/td>\n1.12 billion<\/td>\n<\/tr>\n
October 2023<\/td>\n1.77 billion<\/td>\n<\/tr>\n
November 2023<\/td>\n1.79 billion<\/td>\n<\/tr>\n
December 2023<\/td>\n2.13 billion<\/td>\n<\/tr>\n<\/table>\n

<\/p>\n

These recent achievements highlight OKX’s commitment to enhancing its Liquid Marketplace <\/em>for institutional traders. Key updates include the introduction of a ‘Quick Trading’ mode on Nitro Spreads<\/em>, allowing users to instantly select the ‘Top of Book’ on any spread\/side through a double-click, thereby eliminating the need to manually open order books or enter details.<\/p>\n

OKX also recently rolled out two significant UI upgrades aimed at streamlining order placements on Nitro Spreads<\/em>:<\/p>\n