Expert verified

5 min read

OKX adds one-click basis trading with Nitro Spreads

Published date:

February 2, 2026

OKX adds one-click basis trading with Nitro Spreads

Our Editorial Standards:

Cryptocurrencies can be volatile and high risk. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn more about our Editorial Process and Risk Warning.

In the words of Lennix Lai, Global Chief Commercial Officer at OKX, “Nitro Spreads raises the bar for the industry for efficient basis trading, and we invite institutional traders everywhere to see how it can enhance their strategies and contribute to their success.”

OKX released the Nitro Spreads feature on its OTC liquid exchange to allow institutional clients to execute complex basis trades in a single click.

Basis trading leverages the difference in an asset’s price on two separate markets. However, this complex process requires timely execution of trades to take advantage of the discrepancies in a crypto instrument’s prices.

Fresh off the press for our institutional customers

Introducing our latest feature, Nitro Spreads, makes executing complex basis trades more efficient and hassle-free!

One-click basis trades enabled

Available on #OKX Liquid Marketplace
— OKX (@okx) June 27, 2023

OKX’s Nitro Spreads feature aims to lower the risk involved with basis trading by executing the two legs of the basis trade using a central order book. Nitro Spreads also allows institutional customers to set a guaranteed spread for a trade. By doing so, clients can mitigate losses caused by unexpected price slippages.

Recounting FTX’s failure in November 2022, Lai claimed that the exchange’s collapse significantly reduced institutional participation in the crypto market. According to him, Nitro Spreads’ simple interface will grant predictable returns for investors by improving the precision of complex basis trades.

Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox

Currently, OKX’s Nitro Spreads facility is available in beta access and requires users to fill out an application form to gain access to this feature. Investors can also execute calendar spreads, future rolls, and a variety of delta one spread strategies using the Nitro Spreads interface.

Written by

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

How we reviewed this article

All Bitcompare articles go through a rigorous review process before publication. Learn more about our Editorial Process and Risk Warning.

Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

Bitcompare is a trading name of Blue Venture Studios Pty Ltd.

Advertiser disclosure: Bitcompare is a comparison engine that relies on advertising for funding. The business opportunities that can be found on this site are offered by companies with which Bitcompare has made deals. This relationship may affect the way and where products appear on the site, such as in what order they are listed in categories. Information about products may also be placed based on other factors, such as the ranking algorithms on our website. Bitcompare does not look at or list all companies or products on the market.
‍
Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. The opinions expressed here are the author’s alone. Additionally, the opinions expressed by the commenters do not necessarily reflect those of Bitcompare or its staff. When you leave a comment on this site, it will not show up until a Bitcompare administrator approves it.

Warning: The price of digital assets can be volatile. The value of your investment can go down or up, and you may not get back the amount invested. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. Any APR shown is a rough estimate of how much cryptocurrency you will earn in rewards over the time period you choose. It does not display the actual or predicted returns or yields in any fiat currency. The APR is adjusted daily, and the estimated rewards may differ from the actual rewards generated. The information on this page is not meant to be a sign from Bitcompare that the information is correct or reliable. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult with an independent financial advisor. Links to third-party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. For more information, see the Terms of Service for Bitcompare and our Risk Warning.