Exchange helps institutions execute bulk crypto trades without price slippage

Large crypto orders can be challenging – and it can be difficult to get consistent, favorable prices when markets move fast.

But now a crypto exchange has launched a new feature that aims to tackle this head on.

OKX says that Block Trading allows institutions and professional crypto traders to buy and sell cryptocurrencies in bulk, while eliminating the risk of price slippage.

Spot, futures, options and perpetual swaps are available – as well as multi-leg combination swaps outside the books.

The trading platform says that this approach provides distinctive benefits for users – opens access to competitive prices, with trades made with a single click.

A wide range of assets are also supported through Block Trading, and Solana options were recently added to the list.

Other benefits for users include a user-friendly graphical user interface, a REST API for accessing market data and an intuitive position builder that enables investors to better visualize potential payouts and risks.

OKX’s CFO Lennix Lai explained: “As the cryptocurrency market matures and more professional and institutional investors enter it, OKX introduces Block Trading to ensure that these users have the tools they need to invest well. Block Trading at OKX does not just allow investors to make big trade at more favorable prices, but to do so without the risk of their trade causing price slippage. “

How it all works

So all this sounds exciting – but how does it work in practice?

Well, as the name implies, it involves breaking down large transactions into smaller blocks.

Block Trading is designed to ensure that transactions can take place over the counter instead of in the open market, which means that it will never end up in the order books.

Institutions and valuable traders can submit a request for quotation, with negotiations taking place privately. This also gives investors with deep pockets confidence in how much they end up paying.

A use case for OKX’s offer comes in the form of Darley Technologies, a high-frequency trading company.

CEO Clément Florentin explained that the stock market has won accolades for being user-friendly – and the launch of Block Trading provides “additional opportunities for us to cite sophisticated multi-investment strategies, without having to worry about slippage in execution.”

Just the beginning

It has been a confident debut for Block Trading on OKX – but Oslo Børs says that this is just the beginning.

Looking ahead, the exchange plans to offer an anonymous mode for market makers, tailored strategies and DeFi alternative vaults.

The exchange currently offers more than 500 spot pairs, and over 250 linear and inverse perpetuals and futures.

Customers using Block Trading can also benefit from 24/7 VIP support, with a dedicated account manager and technical support team available to answer questions as they arise. And given the global character of the crypto markets, this is especially important.

By delving into the details of this feature, OKX states that “the minimum size for a blockchain is $ 50,000 or equivalent” – but having said that, there may be exceptions in times of market volatility.

Oslo Børs has also confirmed that anonymous request-for-quotations are also supported, which is ideal for those who want to preserve their identity.

OKX says it now has more than 20 million customers across 180 international markets – and is now branching out to Web3 after five years of operation through a wallet designed to support the next iteration of the internet.

As the bear market continues to bite, Block Trading may prove to be an important weapon for institutions and individuals with high net worth who want to stay one step ahead.