Crypto exchange OKX is adding a brand new feature to really make it simpler for institutions to create large trades without risking cost slippage.
Based on a comment from OKX on Thursday, the brand new feature, referred to as OKX Block Buying and selling, allows large orders to become transacted “in bulk.” A bulk order is a kind of over-the-counter (OTC) deal that’s negotiated independently between counterparties, without ever appearing around the exchange’s order book.
OKX Block Buying and selling allows advanced traders to complete trades within the place, futures, options, and perpetual swaps markets, in addition to mixtures of these referred to as ‘multi-leg’ trades.
Types of included in this are advanced buying and selling strategies for example straddles, carry trades, yet others, the exchange stated.
Following the implementation, OKX would be the only exchange that provides investors a block buying and selling platform that integrates both place and derivatives buying and selling, based on the announcement.
OKX’s announcement added it intends to expand block buying and selling on its platform to provide an “anonymous way of market makers, bespoke strategies and DeFi options vaults” later on.
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