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,…
