To bolster its institutional trading offerings, popular crypto exchange OKX has
announced a collaboration with Hidden Road Partners, a credit network for
institutions. The partnership aims to provide Hidden Road’s clients with access
to OKX’s deep liquidity and faster execution of complex trading strategies.
OKX, Hidden Road Partner
to Enhance Institutional Crypto Trading
As part of
the collaboration, OKX will focus on integrating its Nitro Spreads service with Hidden Road’s prime brokerage services. Nitro Spreads enables the execution of futures and basis spreads, as well as funding rate arbitrage
strategies.
The
integration is set to offer several advantages to Hidden Road’s institutional
client base. These benefits include on-demand access to OKX’s deep liquidity
for both makers and takers, minimized leg risk between markets through
guaranteed filling of matching quantities for each leg, and guaranteed spread
selection before trade execution, which mitigates unexpected price slippage
risks.
“Hidden
Road continually seeks to increase market access and capital efficiency through
expanded prime brokerage offerings,” Michael Higgins, the International CEO and Global Head of Business Development at
Hidden Road, commented. “Integrating OKX’s Nitro Spreads
product builds upon this philosophy by extending our counterparties’ ability to
execute risk-managed arbitrage strategies.”
OKX Partners with Hidden Road to Offer Prime Brokerage Clients Access to Deep Liquidity and Streamlined Execution of Complex Trades https://t.co/1Z5JRmGzqm
— Stock Market News (@Stock_Market_Pr) May 20, 2024
Higgins
recently spoke with Finance Magnates, suggesting that new Bitcoin ETFs
will significantly change the cryptocurrency market by introducing previously unknown strategies.
OKX
recently expanded its derivatives and cryptocurrency trading services and entered the Australian market. The offering of derivative instruments is aimed solely
at institutional investors.
OKX’s Growing Presence in
Futures Spreads Trading
OKX has
recently set a new record by exceeding its highest monthly futures spreads
trading volume on Nitro Spreads, which neared US$5 billion in March 2024. This
accomplishment highlights the exchange‘s commitment to improving its services
for institutional clients.
Among these
enhancements is the introduction of the “Quick Trading” mode on Nitro Spreads,
designed to streamline the selection of the “Top of Book” for any spread or
side.
“Leveraging
the superior…
