Hidden Road Integrates OKX's Nitro Spreads to Streamline Trade Execution

OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has announced a strategic partnership with Hidden Road Partners (Hidden Road), a global credit network for institutions. The aim of this partnership is to provide turnkey solutions for Hidden Road's clients, enabling them to implement advanced trading strategies and streamline delta rolls more efficiently.

As part of the collaboration, OKX's Nitro Spreads, a platform for executing basis, futures spreads, and funding rate arbitrage strategies, will be integrated into Hidden Road's prime brokerage offerings. This integration will provide Hidden Road's clients with deep liquidity, improved risk management for spread trading execution, and faster matching and settlement of trades.

Michael Higgins, Global Head of Business Development at Hidden Road, commented on the partnership: "Hidden Road continually seeks to increase market access and capital efficiency through expanded prime brokerage offerings. Integrating OKX's Nitro Spreads product builds upon this philosophy by extending our counterparties' ability to execute risk-managed arbitrage strategies."

In addition to this partnership, OKX has been steadily expanding its geographical presence. This year, the crypto exchange has successfully entered the markets of Australia​, Singapore, Turkey​, and Dubai​.