The total cryptocurrency market capitalization has remarkably reached an impressive $1.21 trillion today. Additionally, the trade volume on OKX’s Liquid Marketplace, which caters to professional and institutional traders, has surged and surpassed the $3 billion mark.
In a recent announcement, OKX, the second-largest cryptocurrency exchange in terms of 24-hour trading volume, revealed a significant achievement. On Friday, OKX shared that their on-demand liquidity network for institutional traders, known as the ‘Liquid Marketplace,’ has surpassed an impressive trading volume milestone of over $3 billion.
Professional and institutional traders can utilize the Liquidity Marketplace to submit requests for quotes (RFQs) to market makers, facilitating large-scale digital asset transactions. Notably, the execution of these orders is carried out with discretion, ensuring minimal impact on the market price during settlement.
Back in April 2023, OKX made an announcement regarding the impressive trading volume of the Liquid Marketplace, which surpassed $1 billion during the initial three months of the year. Remarkably, by the end of June 2023, the trading volume has witnessed a remarkable surge, more than tripling that initial figure.
Also Read: Binance Whales Fuel 88% Growth of COMP Token This Week
