Crypto Exchange OKX Launches ‘Nitro spreads’, Allowing One Click Basis Trading

OKX launched “Nitro spreads”, a feature of its institutional liquid over-the counter (OTC), which allows traders to execute complex basis trades with just one click.

“In the current complex market environment, institutions demand reliability, predictable returns and genuine innovation when choosing a trading venue,” said Lennix Lai, global chief commercial officer at OKX. “This is especially true in basis trading, where precision and flawless execution are paramount,” he added.

“Traders can place resting orders with a fixed spread – they do not need to worry about immediate execution,” said Lai. “If the actual spread moves against their chosen spread, their orders will remain passive and not be executed.”

“Spread order book prices are generally more stable than outright books as the instruments are delta neutral,” he continued. “We are working with a variety of liquidity providers to ensure that our users can trade effectively and take advantage of spreads.”