OKX, a Web3 technology company and the second-largest cryptocurrency exchange by trading volume, announces that its Liquid Marketplace, an on-demand liquidity network tailored to institutional traders, has surpassed USD1 billion in trading volume in 2023.
Lennix Lai, Managing Director of Global Institutional at OKX, says: "Our aim is to become the go-to venue for institutional traders by listening to their needs and leveraging our technical expertise, creativity and product design to build the best platform for their needs."
The Liquid Marketplace automates workflows, offers an integrated position builder, and enables anonymous RFQs with two-way quotes, enhancing the traditional RFQ process.
As institutional adoption of cryptocurrency continues to grow, we may see on-demand liquidity networks like the OKX Liquid Marketplace become essential tools for institutional traders seeking to execute advanced trading strategies.