Today we launched Block Trading, a tool that lets high-volume crypto traders and investors make more efficient trades. Block trading is a tool for making large-sized trades of an asset at an optimal price, without the trade affecting its market price.
In a block trade, large trades are negotiated off the order books, or over-the-counter, via a request for quote. That lets traders or investors avoid the risk of price slippage — when the quoted sell price is different from the actual sell price.
Unlike other platforms, on OKX, you can block trade spot, futures, options and perpetual swaps all via one platform, as well as trade multiple crypto assets in a single trade.
We’re also the only platform that supports block trading of derivatives with popular altcoins, such as SOL, as the underlying. Block Trading by OKX features custom multi-leg combination trades, including future spreads, straddles and carry trades, among others.
Check out our guide to block trading on OKX to learn more.
Source: https://www.okx.com/academy/en/introducing-block-trading