OKX Publishes Report Exploring Drivers of Near 30% ETH and BTC Annualized Basis in March 2024, Highlighting Client Insights into Basis Trading Strategies
DUBAI, UAE, April 11, 2024 /PRNewswire/ -- OKX , a leading crypto exchange and Web3 technology company, today published its inaugural ' Institutional Basis Trading Report. '
- DUBAI, UAE, April 11, 2024 /PRNewswire/ -- OKX , a leading crypto exchange and Web3 technology company, today published its inaugural ' Institutional Basis Trading Report. '
- The report analyzes the institutional basis trading landscape and strategies, as well as drivers behind the nearly 30% Ethereum (ETH) and Bitcoin (BTC) annualized basis observed towards the end of March 2024.
- This resurgence directly impacted the trading volume of futures spreads, causing a substantial and sustained surge in activity, demonstrating increased interest in futures spreads trading.
- OKX Global Chief Commercial Officer Lennix Lai said: "Our 'Institutional Basis Trading Report' highlights the innovative strategies that some of our clients are using to navigate the cryptocurrency market.