Traders may now execute complex basis transactions with just one click with the new Nitro Spreads functionality that OKX recently announced on its institutional Liquid Marketplace, an OTC, futures spreads, and options liquidity network.
OKX Liquid Marketplace Nitro Spreads Enables One-Click Trading
Basis transactions are trading strategies built around the difference between the spot price of a commodity and the price of a futures contract for that same commodity. This difference, in futures trading, is referred to as the basis.
When carried out correctly, basis trading, a method that involves trading the difference between an asset’s price on two different markets, such as spot and futures, can produce profits. Managing both sides of the trade concurrently is usually necessary, which is time-consuming. Utilizing the platform’s superior liquidity and low latency for optimal user advantage, OKX’s Nitro Spreads automates this complicated trade in just one click.
What Do Nitro Spreads Provide?
The two legs of the trade are completed using a central order book with Nitro Spreads, one of the only basis trading tools in the cryptocurrency sector, removing leg risk between marketplaces. Before a trade is executed, traders can also choose a guaranteed spread, reducing the risk of unanticipated price slippage. Following that, trades are immediately matched and settled.
“In the current complex market environment, institutions demand reliability, predictable returns, and genuine innovation when choosing a trading venue. This is especially true in basis trading, where precision is paramount. Nitro Spreads raises the bar for the industry for efficient basis trading, and we invite institutional traders everywhere to see how it can enhance their strategies and contribute to their success.”
OKX Global CCO Lennix Lai
About OKX
By trading volume, OKX is the second-largest cryptocurrency exchange in the world and has a strong Web3 ecosystem. With more than 50 million users worldwide, OKX is regarded as the fastest and most dependable cryptocurrency trading platform.
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