- OKX publicly launches Block Trading, allowing institutional and high net worth investors to make significant trades with no price slippage and minimal market impact
VICTORIA, Seychelles, Oct. 18, 2022 (GLOBE NEWSWIRE) — OKXthe world’s second largest crypto exchange by trading volume, has announced the public launch of its paradigm-shifting Block Trading product after extensive iteration and improvement since its soft launch in June.
A block trade is a privately negotiated purchase or sale of large blocks of assets that are settled over the counter. Block trades are useful for buying or selling a large number of stocks, derivatives, bonds or cryptocurrencies without affecting an asset’s market price. OKX Block Trading allows crypto traders to access a secondary liquidity pool away from the order book to trade with minimal market impact and no price drift.
Lennix Lai, Director of Financial Markets, OKX, said: “OKX’s block trading product is restructuring the crypto market. While some liquidity networks offer similar offerings, their products do not deliver the same level of customization or capital optimization across instruments. Following the recent liquidity crisis where a lack of transparency and communication caused investor losses, we have been working with clients to create tailored instruments and establish better risk management and capital efficiency than anyone else can offer.”
Already a leading trading platform for institutional investors, in part due to its globally trusted OTC venue and competitive portfolio margin offering, OKX’s intimate knowledge of the needs of institutional investors has allowed it to produce a product that meets the needs of this investor class. To further develop the product, OKX launched soft Block Trading in June 2022 and has been further developing it based on user needs since then.
OKX Block Trading is different in the following ways:
- Leverages OKX’s industry-leading technology stack
- Uses a marketplace model for OTC liquidity with multiple market makers. This means that the best price wins
- Incorporates multi-leg strategies and RFQ automation for reduced execution risk and better pricing
- Allows traders to maximize their capital efficiency by using lower margins
- The entry point for Block Trading is now $100ki instead of $200k
To celebrate the public launch of Block Trading, OKX is offering its VIP customers up to 50% discount on appraiser fees
Find out more about OKX Block Trading here.
For further information, please contact:
[email protected]
About OKX
OKX is the second largest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known to be the fastest and most reliable crypto trading app for investors and professional traders everywhere.
As a premier partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
Beyond the OKX exchange, the OKX wallet is the platform’s latest offering for people who want to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
To learn more about OKX, download our app or visit: okx.com
