OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has launched a new feature called ‘Nitro Spreads’ on its institutional Liquid Marketplace. Nitro Spreads is an OTC, futures spreads and options liquidity network that allows traders to execute complex basis trades with just one click.
Basis Trading Made Easy
Basis trading is a technique that involves trading the difference between the value of an asset on two different markets, such as spot versus futures markets. When done correctly, basis trading can generate impressive returns. However, executing basis trades can be complicated since both legs of the trade have to be managed at the same time. Nitro Spreads automates the entire procedure and offers excellent liquidity and low latency, providing traders with maximum benefits.
Nitro Spreads is one of the few basis trading tools that enables the two legs of a trade to be executed in a central order book, removing leg risk between markets. Traders can choose a guaranteed spread for a trade before execution, mitigating the risk of unexpected price slippage. Trades are matched and settled immediately.
Lennix Lai, OKX Global Chief Commercial Officer, explained the importance of innovation and precision in the current complex market environment. He said, ‘In basis trading, precision is paramount. Nitro Spreads raises the bar for efficient basis trading, and we invite institutional traders everywhere to see how it can enhance their strategies and contribute to their success.’
Executing Complex Trading Strategies
The simple-to-use Nitro Spreads interface offers institutional traders the ability to execute various basis trading strategies. Traders can employ delta one spread strategies, including calendar spreads, future rolls, and funding rate farming.
The OKX Liquid Marketplace provides institutional traders with access to deep liquidity and many trading strategies, including spot OTC, futures spreads, and large options block trades, to run at scale. OKX surpassed USD 1 billion in trading volume during the first quarter of 2023 on the Liquid Marketplace.
OKX is the second-largest crypto exchange worldwide by trading volume and a leading Web3 ecosystem, with over 50 million global users. As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival.
Beyond the exchange, OKX offers the OKX Wallet, a platform designed for those who want to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
For more information, visit okx.com or download the OKX app.
This announcement is for informational purposes only and is not intended to provide investment, tax, or legal advice. OKX is not regulated by the FCA, and protections such as the Financial Ombudsman Service or Financial Services Compensation Scheme will not be available. Traders should consider whether they understand how crypto works and whether trading or holding digital assets is suitable for their financial condition. The value of digital assets, including stable coins, can increase or decrease, and profits may be subject to capital gains tax.