1. BITBILIHome
  2. Article

OKX’s liquid marketplace achieves a $3 billion trading volume milestone, empowering institutional traders

• 28 views

TL;DR Breakdown

  • OKX’s Liquid Marketplace reaches a milestone with over $3 billion in trading volume.
  • The platform focuses on serving professional and institutional traders in the crypto industry.
  • OKX partners with Komainu to offer secure custody services for institutional investors.

Description

In a groundbreaking milestone, OKX, the world’s second-largest cryptocurrency exchange by 24-hour trading volume, proudly announced that its Liquid Marketplace has soared past $3 billion in trading volume, solidifying its preeminent network catering to professional and institutional traders. This revelation, unveiled on Friday, demonstrates the resounding success of OKX’s on-demand liquidity network designed to facilitate … Read more

In a groundbreaking milestone, OKX, the world’s second-largest cryptocurrency exchange by 24-hour trading volume, proudly announced that its Liquid Marketplace has soared past $3 billion in trading volume, solidifying its preeminent network catering to professional and institutional traders. This revelation, unveiled on Friday, demonstrates the resounding success of OKX’s on-demand liquidity network designed to facilitate large-scale transactions involving digital assets.

To empower professional and institutional traders with seamless transactions, the Liquid Marketplace offers a unique feature called Requests for Quotations (RFQs), enabling them to submit their orders to market makers confidentially. Thanks to this discreet approach, the settlement market price remains minimally affected, ensuring a fair and equitable outcome.

Emphasizing its commitment to cater to the evolving needs of large businesses, OKX has forged a strategic partnership with Komainu, a licensed digital asset custody service provider. This collaboration highlights OKX’s dedication to bolstering its services and reputation as a go-to platform for institutional investors seeking secure storage solutions for their digital assets.

Further, enriching its range of offerings, OKX has introduced a revolutionary trading technique called Nitro Spreads on the Liquid Marketplace. Nitro Spreads, a one-click trading process, mitigate cross-market risk by executing both deal legs in real-time via a centralized order book. This cutting-edge feature enhances convenience and efficiency by allowing traders to utilize Nitro Spreads with any combination of the exchange’s spot, perpetual, and futures contracts.

The introduction of Nitro Spreads reinforces OKX’s unwavering commitment to innovation, providing traders with a powerful tool to navigate the complexities of digital asset trading while mitigating potential risks. Moreover, this addition further solidifies OKX’s status as a trailblazer in the crypto exchange industry.

By continuously expanding its suite of services and forging strategic partnerships, OKX is poised to cater to the ever-evolving demands of professional and institutional traders. The remarkable achievement of surpassing $3 billion in trading volume on the Liquid Marketplace demonstrates OKX’s unwavering dedication to excellence, cementing its position as a leader in the digital asset trading realm. OKX remains at the forefront as the market landscape evolves, delivering innovative solutions and facilitating seamless transactions for its esteemed clientele.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:OKX’s liquid marketplace achieves a $3 billion trading volume milestone, empowering institutional traders

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月3日 00:08
Next 2023年7月3日 02:22

Related articles

  • Fitch Ratings expresses concerns over US debt, keeps “AAA” credit rating on negative watch

    TL;DR Breakdown Fitch Ratings expresses concerns about the US government’s ability to repay its debt, placing its “AAA” credit rating on negative watch. Despite the recent debt limit agreement, Fitch maintains its negative watch due to governance shortcomings and political polarization. A potential credit rating downgrade could make borrowing debt more expensive for the US and divert funds from other priorities. The erosion of the US dollar’s dominance as a reserve currency is also a concern. Fitch Ratings, one of the largest credit rating agencies in the United States, has raised concerns about the country’s ability to repay its debt and placed its “AAA” credit rating on negative watch. Despite Congress agreeing to suspend the debt limit until 2025, Fitch remains cautious, highlighting a steady deterioration in governance and political polarization over the past 15 years. The agency cites repeated political standoffs and last-minute suspensions as factors that lower confidence in governance on fiscal and debt matters. While Fitch acknowledges the exceptional strengths of the US economy, it warns that these strengths could be eroded over time due to governance…

    Article 2023年6月8日

  • Binance CEO Responds to Misleading Data on Crypto Outflows Amid SEC Lawsuits

    TL;DR Breakdown Binance CEO CZ refutes reported outflows as inaccurate and clarifies that crypto price drops should not be classified as outflows. He emphasizes the need to consider inflows and market dynamics. The market reacts positively to CZ’s clarification, with Binance’s native cryptocurrency, BNB, experiencing a 0.83% gain in price shortly after the announcement. Binance, the world’s largest cryptocurrency exchange, has faced significant scrutiny recently due to lawsuits filed by the U.S. Securities and Exchange Commission (SEC). Reports of outflows from the exchange have drawn attention, but Binance CEO Changpeng Zhao, known as CZ, has taken to Twitter to address the issue. He refutes the reported outflows as inaccurate and highlights the misinterpretation of Asset Under Management (AUM) changes by certain third-party analysis firms. CZ emphasizes the need to consider market fluctuations and overall dynamics when assessing Binance’s asset movements. Contents hide 1 CZ Clarifies Misleading Data on Crypto Outflows 2 Understanding the Impact of Market Fluctuations on AUM 3 Binance’s Response and Market Reaction 4 Conclusion CZ Clarifies Misleading Data on Crypto Outflows Binance CEO CZ has responded to…

    Article 2023年6月13日

  • Deutsche Bank’s former star pleads guilt to crypto fraud

    TL;DR Breakdown Rashawn Russell, previously associated with Deutsche Bank, pleaded guilty to a crypto fraud scheme in Brooklyn, NY. Russell’s R3 Crypto Fund promised high returns but misappropriated funds for personal use, defrauding 29 investors of over $1.5 million. Apart from the crypto scheme, Russell engaged in identity theft, fraudulently obtaining credit cards in third-party names. Description The world of cryptocurrencies is once again rocked by scandal. This time, the shockwaves are coming from Brooklyn, NY, where a previously shining star of the financial world has found himself ensnared in the dark web of deceit and crime. Rashawn Russell, once revered as a formidable figure in Deutsche Bank, now finds himself pleading … Read more The world of cryptocurrencies is once again rocked by scandal. This time, the shockwaves are coming from Brooklyn, NY, where a previously shining star of the financial world has found himself ensnared in the dark web of deceit and crime. Rashawn Russell, once revered as a formidable figure in Deutsche Bank, now finds himself pleading guilty to an elaborate crypto fraud scheme. From Banking Luminary…

    Article 2023年9月21日

  • FTX bankruptcy deadline draws near: A comprehensive look

    TL;DR Breakdown FTX users face an urgent September 29 deadline to file claims against the crypto exchange, with trader Peter Brandt leading the awareness campaign. As bankrupt crypto exchange battles financial challenges, Coinbase seeks European growth but faces roadblocks in its acquisition plans for FTX Europe. Description The cryptocurrency market is no stranger to volatility, not only in terms of prices but also in its businesses. In recent events, FTX, a renowned crypto exchange, finds itself entangled in a complicated bankruptcy case, prompting users to act swiftly before a crucial deadline. This article delves into the tumultuous situation surrounding FTX, the figures … Read more The cryptocurrency market is no stranger to volatility, not only in terms of prices but also in its businesses. In recent events, FTX, a renowned crypto exchange, finds itself entangled in a complicated bankruptcy case, prompting users to act swiftly before a crucial deadline. This article delves into the tumultuous situation surrounding FTX, the figures that stand out in the drama, and how other exchanges, like Coinbase, are navigating these uncertain waters. Contents hide 1…

    Article 2023年9月24日

  • Cathie Wood’s flagship innovation fund exits China amid economic slowdown

    TL;DR Breakdown Cathie Wood’s Ark Innovation ETF, managing nearly $9 billion in assets, has completely exited China due to the country’s economic slowdown. The fund’s change in strategy was influenced by Beijing’s tightening control over the economy and concerns about China’s debt-ridden real estate market. Despite the current divestment, Wood indicated potential reinvestment in Chinese stocks in the future, especially during bull markets and with the introduction of more IPOs. Description Cathie Wood, the CEO of Ark Invest, has announced that her flagship innovation fund has completely exited China due to the country’s economic slowdown. The Ark Innovation ETF, which manages nearly $9 billion in assets, has divested from stocks generating revenue from China. This strategic move is part of a broader consolidation of the fund’s … Read more Cathie Wood, the CEO of Ark Invest, has announced that her flagship innovation fund has completely exited China due to the country’s economic slowdown. The Ark Innovation ETF, which manages nearly $9 billion in assets, has divested from stocks generating revenue from China. This strategic move is part of a broader…

    Article 2023年7月24日
TOP