OKX, a leading
crypto exchange and Web3 technology company, today announced that futures
spreads trading volumes on its Liquid Marketplace, a spot OTC, futures spreads
and options liquidity network, reached a record monthly high of US$1.54 billion
in September 2023. This achievement represents 62%* of the institutional market
share for futures spreads for the month.

Since
the July 2023 launch of Nitro Spreads, a venue under OKX’s Liquid Marketplace
for institutional traders to execute basis, futures spreads and funding rate
arbitrage strategies, OKX’s cumulative futures spreads volumes led the market
from August 28 to October 11 in 2023.

OKX’s
volumes on futures spreads also excelled during ‚high-water mark‘ volume days,
with OKX futures spreads notional volumes exceeding the 100 million USDT mark
on four occasions within the date range (on September 12, September 19,
September 28 and October 10 in 2023).

These
trading volume milestones solidify OKX’s Liquid Marketplace as the go-to venue
for institutional traders looking to take advantage of superior liquidity for a
range of trades, including futures spreads, spot OTC basis and options.

OKX
Chief Commercial Officer Lennix Lai said: „The latest futures spread
volume figures confirm that OKX Liquid Marketplace is a diverse ecosystem of
counterparties pursuing a range of trading strategies and indicates that it is
a trading venue of choice for institutional traders. We have worked hard to
develop the products, liquidity and intuitive trading features traders demand
in an intensely competitive market environment. We will continue to listen to
our traders and adapt the platform to their needs going forward to further grow
our customer base.“

Since
its launch in July 2023, OKX announced on October 6 that Nitro Spreads has
surpassed a cumulative trading volume of over 2 billion USDT.

Nitro
Spreads is a venue for institutional traders to execute advanced strategies and
facilitate delta rolls efficiently on OKX’s Liquid Marketplace. With the
ability to execute both legs of a trade via a central orderbook, Nitro Spreads
minimizes leg risk between markets and provides institutional traders with
enhanced capital efficiency. Before execution, traders can also select a
guaranteed spread for a trade, mitigating unexpected price slippage. Trades are
then matched and settled immediately.

About
OKX

OKX is a
leading global crypto exchange and innovative Web3 company. Trusted by more
than 50 million global users, OKX is known for being the fastest and most
reliable crypto trading app for traders everywhere.

As a top
partner of English Premier League champions Manchester City FC, McLaren Formula
1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to
supercharge the fan experience with new engagement opportunities. OKX is also
the top partner of the Tribeca Festival as part of an initiative to bring more
creators into web3.

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.

OKX is
committed to transparency and security and publishes its Proof of Reserves on a
monthly basis.

To learn
more about OKX, download our app or visit: okx.com

Disclaimer: This
announcement is provided for informational purposes only. It is not intended to
provide any investment, tax, or legal advice, nor should it be considered an
offer to purchase, sell, hold or offer any services relating to digital assets.
Digital assets, including stablecoins, involve a high degree of risk, can
fluctuate greatly, and can even become worthless. Leveraged trading in digital
assets magnifies both potential gains and potential losses and could result in
the loss of your entire investment. Past performance is not indicative of
future results. You should carefully consider whether trading or holding
digital assets is suitable for you in light of your financial condition,
particularly if considering the use of leverage.You are solely responsible for
your trading strategies and decisions, and OKX is not responsible for any
potential losses. Not all products and promotions are available in all regions
including the U.S.A., U.K., Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea,
Syria Malta, Australia, Bangladesh, Bolivia, The Bahamas, Canada, Malaysia,
Hong Kong, France, and Singapore. For more details, please refer to the OKX
Terms of Use and Risk & Compliance Disclosure.

This article was written by FL Contributors at www.forexlive.com.

One of Us, the
trailblazing platform that supports football talents to become stars, is
excited to unveil the launch of its branded coin with XDB CHAIN, the Blockchain
for Brands.

This
launch marks a key milestone for One of Us and its incredible community of
talents and fans as it embarks on a transformative journey to enable
web3-powered interactions. The overarching mission is to redefine the paradigm
of talent discovery and management within the football industry through the
remarkable power of blockchain technology. The visionary approach of One of Us
aspires to usher in an era of amplified participation from the global football
community during the talent discovery phase, promising unparalleled rewards.
Therefore, every football aficionado worldwide can now assume the mantle of a
talent scout, nurturing the potential of future football stars.

This
exhilarating odyssey promises to enthrall millions of vibrant fans and
thousands of prodigious players spanning the globe. This coin grants the owner
exclusive access to the platform asset’s rights and it is ingeniously fashioned
with a „reward model“. This model confers tangible real-world
advantages upon players through the medium of the token itself.

To give
a broader context the extraordinary potential of this initiative, let’s take
for example Gabriele Natale, the most recent One of Us winner, who now proudly
joins the colors of the FC Genoa football team. The One of Us coin unlocks
exclusive rewards and benefits connected to the success of the One of Us
platform and its talents, like Gabriele Natale. Stay tuned for a cascade of
forthcoming announcements, featuring an illustrious roster of retail partners,
including major football clubs, converging within the dynamic of One of Us
ecosystem.

XDB
CHAIN, the Blockchain for Brands, boasts a thriving community that has
surpassed the remarkable milestone of 100,000 dedicated members and has lately
introduced the launch of multiple BCOs, namely branded coins, fostering a
growing ecosystem of brands and users. With over 70,000 subscribers already
rallying under the One of Us banner, the seamless integration of XDB CHAIN’s
web3 wallet promises to usher in an era of swift mass adoption and vibrant
community engagement, targeting millions of users worldwide.

Daniele
Mensi, CEO of XDB FOUNDATION: „I am eagerly looking forward to witnessing the
fruits of last month’s work to position XDB CHAIN within the football industry.
I am confident One Of Us community and Partners hold limitless promise for both
football and blockchain worldwide”Diego Donati CEO of F ONE – One Of Us: “We
are thrilled to launch together with XDB CHAIN an innovative tool that allows
fans to help the growth of new talents in football’s world, allowing everyone
to believe in both „underdog“ athletes discovered by One Of Us and
selected professionals while enjoying unique rewards. We believe that this
collaboration puts the opportunity in the hands of football fans to make a
significant impact in the football industry.”

This
historic launch stands as a beacon at the confluence of the football and
blockchain realms, heralding an epoch of boundless possibilities and
unparalleled rewards to those contributing to the success.

About
XDB CHAIN

As XDB CHAIN (https://digitalbits.io/), the entire project and
its community stand poised to propel the blockchain industry into a new era to
embrace novel use cases, nurture collaborative communities, and boldly push the
boundaries of what technology can achieve. This is just an invitation to join
XDB CHAIN on this journey into the future of Blockchain for Brands empowering
The Consumers of Tomorrow.

About
One Of Us

ONE OF US is a
soccer-focused community and app that reaches out to the world of amateur and
amateur athletes, designed for those who dream of becoming a footballer in the
professional world. Our mission is to become the social elevator of the
football world by offering, thanks to technology accessible to all,
guaranteeing every year the chance to sign at least one contract as a
professional footballer, rewarding talent regardless of gender, age, economic
and social condition.

This article was written by FL Contributors at www.forexlive.com.