OKX Liquid Marketplace Launches New Tool To Simplify Basic Trading

Key Points:

• OKX has launched “Nitro Spreads” on its institutional Liquid Marketplace.
• This feature allows traders to execute complex basis trades with a single click and is applicable for any mix of spot, perpetual, and futures contracts.
• Nitro Spreads executes both legs of the deal via a central orderbook, reducing leg risk across marketplaces.

OKX, the world’s second-largest crypto exchange by trading volume, has launched its new “Nitro Spreads” feature on its institutional Liquid Marketplace, an over-the-counter (OTC) futures spreads and options liquidity network, allowing traders to execute complex basis trades with a single click.

Basis trading is the practice of trading the difference between an asset’s price on two different markets in order to produce profits, such as trading the difference between an item on spot markets and futures markets. It is common for both legs of the deal to be handled concurrently, which may be time-consuming.

The OKX Nitro Spread automates this kind of deal with a single click. According to the business, traders may use this capability on any mix of spot, perpetual, and futures contracts offered on the exchange.

Lennix Lai, Chief Commercial Officer of OKX Global, stated:

“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.”

The instrument is also one of the few in the crypto market that executes the two legs of the deal via a central orderbook, reducing leg risk across marketplaces. Traders may also choose a guaranteed spread for a transaction before execution to avoid unexpected price slippage. Transactions are then instantly matched and settled.

Institutional traders may also utilize Nitro Spreads’ simple interface to perform a range of basis trading methods. With an orderbook framework, institutional traders may use common delta one spread methods such as calendar spreads, future rolls, and funding rate farming.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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