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OKX Lures More Institutions with New Trading Feature

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Crypto exchange OKX is adding a new feature to make it easier for institutions to make large trades without risking price slippage.According to an announcement from OKX on Thursday, the new feature, known as OKX Block Trading, will allow large orders to be transacted “in bulk.” A bulk order is a type of over-the-counter (OTC) deal that is negotiated privately between counterparties, without ever appearing on the exchange’s order book.OKX Block Trading will allow advanced traders to execute trades in the spot, futures, options, and perpetual swaps markets, as well as combinations of these known as ‘multi-leg’ trades.

Examples of these include advanced trading strategies such as straddles, carry trades, and others, the exchange said.After the implementation, OKX will be the only exchange that offers investors a block trading platform that integrates both spot and derivatives trading, according to the announcement.OKX’s announcement added that it plans to expand block trading on its platform to offer an “anonymous mode for market makers, bespoke strategies and DeFi options vaults” in the future.____Learn more:- KuCoin, OKX Stick to Their Hiring Plans Despite Downturn as Coinbase Slows Down Hiring- FTX Overtook Coinbase & OKX in May- OKEx Rebrands to OKX as It Moves 'Beyond Standard Centralized Exchange Model'- OKEx and Huobi Tokens Try to Recover as Chinese Ban Takes Effect- Don’t Fear the Reaper: Why the Market Downtrend Is Good for Crypto- Coinbase Readies Its Nano Bitcoin Futures for Retail Clients

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