Last Updated on April 6, 2023 by Bitfinsider
According to CoinMarketCap, OKX, the ninth-largest cryptocurrency exchange by trading activity, has revealed that the value of its institutional on-demand liquidity network, Liquid Marketplace, has surpassed $1 billion this year.
The OKX Liquidity Marketplace was developed to give institutional investors access to a wide range of trading methods for digital assets, including futures spreads, large options block trades, and more.
Lennix Lai, Managing Director of Global Institutional at OKX, commented on the development and noted that the OKX Liquid Marketplace’s sterling features, such as superior fee structures and streamlined execution of advanced trading strategies, could be credited to its success.
In related news, OKX disclosed last week that it would release to debtors approximately $157 million in frozen funds associated with Sam Bankman-Fried’s disgraced FTX and its sibling platform Alameda Research.
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