OKX has announced that its on-demand institutional Liquidity Marketplace trading volume exceeded $1 billion in 2023. 

OKX, the 9th-largest crypto exchange by trading volume according to CoinMarketCap, has announced that its institutional on-demand liquidity network, Liquid Marketplace, has exceeded $1 billion this year.

The OKX Liquid Marketplace is designed to offer institutional investors deep liquidity and access to various digital assets trading strategies such as futures spreads, large options block trades, and more. 

Commenting on the development, Lennix Lai, Managing Director of Global Institutional at OKX, noted that the success of the OKX Liquid Marketplace could be attributed to its sterling features, such as superior fee structures and streamlined execution of advanced trading strategies.

“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.”

 Lennix Lai, managing director of global institutional at OKX

In related news, OKX announced last week that it would release about $157 million in frozen funds linked to the disgraced Sam Bankman-Fried’s FTX and its sister platform Alameda Research, to debtors.