OKX Marketplace liquidity: A New Era with Over $3 Billion Institutional Trade Volume

OKX, the second-largest crypto exchange by 24-hour trading volume, has made a significant announcement. The institutional trade volume on its Liquid Marketplace has now surpassed the $3 billion mark.

OKX Marketplace liquidity: A New Era with Over $3 Billion Institutional Trade Volume

The Liquid Marketplace is a network designed specifically for professional and institutional traders. It provides an on-demand liquidity network that allows traders to send requests for quotes (RFQs) to market makers for large-scale digital asset transactions.

The Discreet Execution of Orders on Liquid Marketplace

One of the key features of the Liquid Marketplace is the discreet execution of orders. This means that the execution of large transactions does not significantly impact the market price at the time of settlement, providing a significant advantage for institutional traders.

OKX’s Expansion and Partnerships for Institutional Customers

OKX is not resting on its laurels. The exchange is actively expanding its offerings for institutional customers. Recently, it entered into a partnership with Komainu, a regulated digital asset custody service provider, to further enhance its services.

About the Introduction of ‘Nitro Spreads’ to Liquid Marketplace

In addition to its existing offerings, OKX has introduced ‘Nitro Spreads‘ to the Liquid Marketplace. This trading tool allows for the simultaneous execution of both legs of a trade via a central order book, thereby reducing leg risk between markets.

With Nitro Spreads, traders can automate this type of trade into a single click, applicable across any combination of spot, perpetual, and futures contracts listed on the exchange.