Basis trading, simplified, and how exchanges adapt to institutional needs — Q&A with OKX
The crypto exchange created a new product, “Nitro Spreads,” to provide institutional investors with an easier way to “trade the basis” and successfully navigate the market. In the highly volatile and ever-changing cryptocurrency market, exchanges are striving to not only survive but thrive in all market conditions. They understand the importance of catering to institutional investors who demand innovative tools and solutions to meet their evolving needs. A common trading strategy for institutional users is trading the basis, or taking advantage of the difference between an asset’s price on different markets, such as spot and futures. Responding to the trading community’s needs, OKX has launched a product for institutional users to execute basis trades with one click. In this interview, Lennix Lai, global chief commercial officer at OKX, highlights the challenges institutional traders are currently facing when trading cryptocurrencies, and discusses how OKX is addressing them by contin...