October 18, 2022 04:00 ET | Source: OKX OKX
Victoria, SEYCHELLES
VICTORIA, Seychelles, Oct. 18, 2022 (GLOBE NEWSWIRE) — OKX, the world’s second-largest crypto exchange by trading volume, has announced the public launch of its paradigm-shifting Block Trading product following 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 settled over the counter. Block trades are useful for buying or selling vast numbers of shares, derivatives, bonds or cryptocurrencies without slippage affecting an asset’s market price. OKX Block Trading allows crypto traders to access a secondary liquidity pool away from the order book in order to trade with minimal market impact and no price slippage.
Lennix Lai, Director of Financial Markets, OKX, said, “OKX’s block trading product is restructuring the crypto market. While some liquidity networks provide similar offerings, their products don’t deliver the same level of customization or capital optimization across instruments. Following the recent liquidity crisis in which a lack of transparency and communication caused investor losses, we have worked with clients to create customized instruments and establish better risk management and capital efficiency than anyone else can offer.”
Already a leading trading platform for institutional investors due in part to its globally trusted OTC venue and competitive portfolio margin offer, OKX’s intimate knowledge of the needs of institutional investors has allowed it to produce a product that caters closely to the needs of this investor class. To further the refinement of the product, OKX soft launched Block Trading in June of 2022 and has been further developing it based on the needs of users ever since.
OKX Block Trading is different in the below ways:
To celebrate the public launch of Block Trading, OKX is offering its VIP clients up to 50% off in taker fee rebates
Find out more about OKX Block Trading here.
For further information, please contact:
Media@okx.com
About OKX
OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.
As a top partner of English Premier League champions Manchester City F.C., 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 OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking 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
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