The
cryptocurrency exchange OKX has informed that its on-demand liquidity network
aimed at institutional clients, called Liquid Markets, reached more than $1
billion in trading volumes during the first three months of 2023.
The OKX
Liquid Marketplace, available on-demand, offers an extensive pool of
institutional liquidity and supports various crypto trading approaches such as
futures spreads, sizable options block transactions, or spot OTC, enabling
scalability. With a single click, traders can execute both legs atomically,
streamlining the process of low-risk spread trading, harvesting funding rates,
producing yield through cash-and-carry transactions, and rolling over maturing
futures hedges.
“Let’s
say, you want to sell 1,000 ETH at the market price of $1,900. Now, that’s a
million-dollar trade. Once it gets put on the order book, it may cause price
slippage and drive down ETH’s market price. Instead of impacting the market,
you can secure a favorable price by placing your oder on our Liquid
Marketplace. First, send an RFQ only to the market makers you selected and
receive two-way quotes. Then, choose a price you like and carry out the trade
discreetly,” OKX explained on Liquid Marketplace’s official website.
According
to the company’s press release, the liquidity network changes the conventional request-for-quote
(RFQ) procedure by incorporating an integrated position builder, streamlining
workflows, and facilitating anonymous
two-way quoted RFQs. OKX’s clients can create multi-leg tactics and request
quotes for futures spreads and basis transactions. Furthermore, the platform
ensures additional security through seamless connectivity with OKX’s settlement
and risk management system.
Keep Reading
“Institutional
clients demand liquidity , superior fee structures, and streamlined execution of
advanced trading strategies. We’ve designed our Liquid Marketplace to hit this
sweet spot, and the market is responding,” Lennix Lai, the Managing
Director of Global Institutional at OKX, said.
Lai
highlighted that by paying close attention to the needs of institutional
traders and harnessing their technical expertise, product design and creativity,
OKS aims to establish itself as the preferred platform for institutional
clients.
Milestone unlocked 🎉
The #OKX Liquid Marketplace has surpassed USD $1 billion in trading volume in 2023!
Our powerful on-demand liquidity network lets institutional traders instantly trade Future Spreads, Options strategies, and Spot OTC with low fees.
— OKX (@okx) April 6, 2023
The crypto
exchange offers all trading pairs listed on its platform in the Liquid
Marketplace, including spot, perpetual swaps, futures and options instruments.
OKX is the
world’s second-largest cryptocurrency exchange by trading volume and is a significant
part of a Web3 ecosystem. With more than 50 million users globally, OKX has a
potential broad client base for its Liquid Marketplace services.
OKX Moves to Hong Kong,
Offers New Products
The list of
prominent cryptocurrency brands seeking to enter the Hong Kong market keeps
expanding. This surge is primarily due to new digital asset regulations
scheduled for implementation in June, positioning China’s special
administrative region as a crypto hub. OKX, the world’s second-largest exchange
by trading volume, has recently revealed its intention to open its own HK subsidiary.
As reported
by Finance Magnates, OKX has established a Hong Kong entity to launch
virtual asset services and plans to apply for a virtual asset service provider
(VASP) license under the Anti-Money Laundering and Counter-Terrorist Financing
(Amendment) Ordinance 2022, set to be effective from June 2023.
Meanwhile, OKX has introduced a copy trading function to its digital asset social trading
platform. This feature enables users to mimic the trading strategies employed
by the platform’s top performers, promoting responsible trading and mitigating
the risks associated with cryptocurrencies. The exchange stated that these
strategies span over 600 trading pairs.
OKX has
also announced a new partnership with DappRadar, an app store for DApps,
allowing its users to use a broader DeFi and GameFi applications base. In the
most recent announcement, the crypto exchange revealed the expansion of its
major sponsorship deal with the Formula One McLaren Racing Team. From now, the
OKX logo will be visible on the MCL60 team car sidepods.
FCA Stops WealthTek and RoboForex Increases Partner Commissions. Read today’s news nuggets!
The
cryptocurrency exchange OKX has informed that its on-demand liquidity network
aimed at institutional clients, called Liquid Markets, reached more than $1
billion in trading volumes during the first three months of 2023.
The OKX
Liquid Marketplace, available on-demand, offers an extensive pool of
institutional liquidity and supports various crypto trading approaches such as
futures spreads, sizable options block transactions, or spot OTC, enabling
scalability. With a single click, traders can execute both legs atomically,
streamlining the process of low-risk spread trading, harvesting funding rates,
producing yield through cash-and-carry transactions, and rolling over maturing
futures hedges.
“Let’s
say, you want to sell 1,000 ETH at the market price of $1,900. Now, that’s a
million-dollar trade. Once it gets put on the order book, it may cause price
slippage and drive down ETH’s market price. Instead of impacting the market,
you can secure a favorable price by placing your oder on our Liquid
Marketplace. First, send an RFQ only to the market makers you selected and
receive two-way quotes. Then, choose a price you like and carry out the trade
discreetly,” OKX explained on Liquid Marketplace’s official website.
According
to the company’s press release, the liquidity network changes the conventional request-for-quote
(RFQ) procedure by incorporating an integrated position builder, streamlining
workflows, and facilitating anonymous
two-way quoted RFQs. OKX’s clients can create multi-leg tactics and request
quotes for futures spreads and basis transactions. Furthermore, the platform
ensures additional security through seamless connectivity with OKX’s settlement
and risk management system.
Keep Reading
“Institutional
clients demand liquidity , superior fee structures, and streamlined execution of
advanced trading strategies. We’ve designed our Liquid Marketplace to hit this
sweet spot, and the market is responding,” Lennix Lai, the Managing
Director of Global Institutional at OKX, said.
Lai
highlighted that by paying close attention to the needs of institutional
traders and harnessing their technical expertise, product design and creativity,
OKS aims to establish itself as the preferred platform for institutional
clients.
Milestone unlocked 🎉
The #OKX Liquid Marketplace has surpassed USD $1 billion in trading volume in 2023!
Our powerful on-demand liquidity network lets institutional traders instantly trade Future Spreads, Options strategies, and Spot OTC with low fees.
— OKX (@okx) April 6, 2023
The crypto
exchange offers all trading pairs listed on its platform in the Liquid
Marketplace, including spot, perpetual swaps, futures and options instruments.
OKX is the
world’s second-largest cryptocurrency exchange by trading volume and is a significant
part of a Web3 ecosystem. With more than 50 million users globally, OKX has a
potential broad client base for its Liquid Marketplace services.
OKX Moves to Hong Kong,
Offers New Products
The list of
prominent cryptocurrency brands seeking to enter the Hong Kong market keeps
expanding. This surge is primarily due to new digital asset regulations
scheduled for implementation in June, positioning China’s special
administrative region as a crypto hub. OKX, the world’s second-largest exchange
by trading volume, has recently revealed its intention to open its own HK subsidiary.
As reported
by Finance Magnates, OKX has established a Hong Kong entity to launch
virtual asset services and plans to apply for a virtual asset service provider
(VASP) license under the Anti-Money Laundering and Counter-Terrorist Financing
(Amendment) Ordinance 2022, set to be effective from June 2023.
Meanwhile, OKX has introduced a copy trading function to its digital asset social trading
platform. This feature enables users to mimic the trading strategies employed
by the platform’s top performers, promoting responsible trading and mitigating
the risks associated with cryptocurrencies. The exchange stated that these
strategies span over 600 trading pairs.
OKX has
also announced a new partnership with DappRadar, an app store for DApps,
allowing its users to use a broader DeFi and GameFi applications base. In the
most recent announcement, the crypto exchange revealed the expansion of its
major sponsorship deal with the Formula One McLaren Racing Team. From now, the
OKX logo will be visible on the MCL60 team car sidepods.
FCA Stops WealthTek and RoboForex Increases Partner Commissions. Read today’s news nuggets!
