OKX Reports Record Monthly High in Futures Spreads Trading Volume

<p>OKX,
a crypto exchange and Web3 technology company, reveals that its Liquid
Marketplace achieved a record monthly high with futures spreads trading volumes
amounting to an impressive $1.54 billion in September 2023. This signifies a notable
62% of the institutional market share for futures spreads during the same
month.</p><p>OKX Sets the Pace with Nitro
Spreads Launch</p><p>The
driving force behind this achievement has been the July 2023 launch of
"Nitro Spreads", a dedicated venue within OKX's Liquid Marketplace
designed to cater to institutional traders seeking to execute basis, futures
spreads, and funding rate arbitrage strategies. The cumulative futures spreads
volumes on OKX's platform have consistently led the market from August 28 to
October 11, 2023.</p><p>OKX's
volumes on futures spreads reached "high-water mark" levels, with
notional volumes exceeding 100 million USDT on four separate occasions within
this timeframe (specifically, on September 12, September 19, September 28, and
October 10, 2023).</p><p>These
trading volume milestones solidify OKX's Liquid Marketplace as the preferred
venue for institutional traders looking to leverage superior liquidity for a
wide range of trades, including futures spreads, spot OTC basis, and options.</p><p>OKX's Chief Commercial Officer, Lennix Lai said:
“The latest futures spread volume figures confirm that OKX Liquid Marketplace
is a diverse ecosystem of counterparties pursuing a range of trading strategies
and indicates that it is a trading venue of choice for institutional traders.” </p><p>“We
have worked hard to develop the products, liquidity and intuitive trading
features traders demand in an intensely competitive market environment. We will
continue to listen to our traders and adapt the platform to their needs going
forward to further grow our customer base.”</p><p>Transforming
Institutional Trading on OKX</p><p>Since
its introduction in July 2023, Nitro <a href="https://www.financemagnates.com/tag/spreads/">Spreads</a> has been
gaining considerable traction. In fact, <a href="https://www.financemagnates.com/tag/okx/">OKX</a> announced on October 6
that Nitro Spreads had achieved a cumulative trading volume exceeding 2 billion
USDT.</p><blockquote><p lang="en" dir="ltr">