OKX Liquid Marketplace Sets New Record of $1.54 Billion Monthly Volume in Futures Spreads Trading

October 18, 2023 - Crypto exchange OKX announced its Liquid Marketplace futures spreads trading volumes reached a new all-time high of $1.54 billion in September 2023. This represented 62% of the institutional futures spreads market share for the month, according to Laevitas.

Since launching its Nitro Spreads venue in July 2023 for institutional futures spreads and arbitrage trading, OKX has led crypto futures spreads volumes from August 28 to October 11, 2023.

OKX futures spreads notional volumes exceeded 100 million USDT on four days in September and October 2023, hitting new daily "high-water marks."

The milestones suggest OKX Liquid Marketplace as a top venue for institutional traders needing liquidity for futures spreads, spot OTC, and options trades.

OKX 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. 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.”

Since launching in July 2023, OKX’s Nitro Spreads has exceeded $2 billion in cumulative trading volume as of October 9, 2023. Nitro Spreads enables efficient execution of futures spreads and delta rolls for institutional traders on the Liquid Marketplace.