OKX’s Liquid Marketplace Hits $1.54B in Monthly Trading Volumes!
- Antwan Koss
- October 18, 2023
- news, Crypto
- Liquid, OKX, Trading Volume
- 0 Comments
OKX’s Liquid Marketplace reached a record $1.54B in monthly futures spread trading volumes in Sep 2023, securing 62% institutional market share.
Key Takeaways:
- OKX’s Liquid Marketplace achieves a record-breaking $1.54 billion in monthly futures spread trading volumes in September 2023.
- This milestone captures a remarkable 62% of the institutional market share for futures spreads for the month.
- OKX witnesses notable surges in futures spreads volumes, with four days seeing notional volumes surpassing 100 million USDT.
- Nitro Spreads, introduced in July 2023 as a platform for institutional traders on OKX’s Liquid Marketplace, amasses a cumulative trading volume exceeding 2 billion USDT.
OKX, a prominent cryptocurrency exchange, proudly announces a historic achievement for its Liquid Marketplace. In September 2023, the Liquid Marketplace, a comprehensive spot OTC, futures spreads, and options liquidity network, soared to unprecedented heights by registering a staggering $1.54 billion in monthly trading volumes for futures spreads. This milestone is a testament to the platform’s growing influence in the cryptocurrency trading sphere.
OKX announced that futures spreads trading volumes on its Liquid Marketplace, a spot OTC, futures spreads and options liquidity network, reached a record monthly high of US$1.54 billion in September 2023. This achievement represents 62% of the institutional market share for…
— Wu Blockchain (@WuBlockchain) October 18, 2023
OKX’s Liquid Marketplace
What truly sets this achievement apart is that it accounts for a remarkable 62% of the institutional market share for futures spreads during the same month. The platform’s increasing popularity among institutional traders is evident in these numbers, showcasing its prowess in facilitating advanced trading strategies.
Notably, OKX’s Liquid Marketplace excelled during ‘high-water mark’ volume days, where it consistently recorded notional volumes surpassing the 100 million USDT mark. This level of liquidity and trading activity underscores the trust and confidence that traders place in the platform.
Furthermore, since its launch in July 2023, Nitro Spreads, a specialized venue tailored for institutional traders seeking to execute sophisticated strategies, has witnessed exponential growth. The platform has successfully achieved a cumulative trading volume exceeding 2 billion USDT in a relatively short period, further solidifying OKX’s position as a go-to destination for institutional crypto trading.
Concluding Thoughts
The remarkable success of OKX’s Liquid Marketplace in September 2023 underscores the growing importance of cryptocurrency futures spreads in the institutional trading landscape. OKX’s ability to capture a significant portion of the market share in this segment demonstrates its commitment to delivering innovative solutions and maintaining a high level of trust among traders. With Nitro Spreads also gaining substantial traction, OKX seems poised to continue its ascent in the world of digital asset trading. Traders and institutions alike should keep a close eye on OKX as it continues to set new standards in the industry.
