OKX Launches ‘Nitro Spreads’ For Easy Basis Trading!

[Sophie Robert]

OKX launched Nitro Spreads, a tool on its institutional liquid marketplace. Traders can execute complex basis trades with one click, using spot, perpetual, and feature contracts. Nitro Spreads stands out in the crypto sphere by executing two legs of trades through a central order book. It offers guaranteed spreads and delta-one spread strategies. Institutions seek reliability, predictable returns, and genuine innovation, making Nitro Spreads an attractive choice. Lennix Lai, OKX’s global chief commercial officer, highlighted its significance in basis trading.

OKX Global Chief Commercial Officer Lennix Lai said: "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."

About OKX - OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

Official website - https://www.okx.com/
Official announcement - https://www.okx.com/learn/okx-liquid-marketplace-records-over-usd1-billion-in-institutional-trading