How to Conduct Block Trading on OKX's Liquidity Marketplace?
OKX Liquidity Marketplace is a Request for Quote (RFQ) trading platform designed for professional institutions and high-net-worth individuals to execute various block trades.
To streamline user operations and reduce execution costs, OKX Liquidity Marketplace has specifically designed multiple block trading strategies. These strategies are tailored for different trading scenarios, enabling users to maximize returns with minimal time and effort.
What Types of Block Trading Can Be Done on OKX's Liquidity Marketplace?
Specifically, block trading is a large, privately negotiated transaction that allows users to execute spot, futures, options, and multi-leg structures in any combination (Note: The platform does not provide services in certain countries/regions. If your country/region is included, you will not be able to use or conduct related trading). These instruments are traded over-the-counter at mutually agreed prices. Once the two trading parties reach an agreement, it is submitted to the trading platform for margin calculation, trade execution, and settlement. This helps users avoid price slippage risk and minimizes the impact of large orders on the mark price.
The block trading strategies designed by OKX Liquidity Marketplace include: Spread Trading Strategy, Contract Spread Strategy, Call Spread Strategy, Put Spread Strategy, Collateral Strategy, Straddle Arbitrage Strategy, Strangle Arbitrage Trading, and more. OKX Liquidity Marketplace will continue to launch additional strategy products to meet the diverse needs of different users.
For detailed strategy information, see the Beginner Academy Special: Liquidity Marketplace
How to Conduct Block Trading on OKX's Liquidity Marketplace?
1. Access the Liquidity Marketplace
Open the OKX website and log in to your OKX account. Hover over "Trade" in the navigation bar, then click Liquidity Marketplace.
On the Liquidity Marketplace homepage, click "Start Trading"
If you have completed identity verification and your account holds more than $10,000, you will access the block trading feature module. If you have not completed identity verification or your assets do not meet the $10,000 requirement, you need to complete verification and deposit more cryptocurrency to meet the block trading minimum asset requirement.
2. Use Pre-Set Strategies for Trading on the Liquidity Marketplace
On OKX Liquidity Marketplace, besides setting up your own trading strategies for block trading, you can also use the platform's pre-set strategies and modify parameters on these pre-set strategies to build a new one. This is not only very convenient but also saves a lot of time.
This article will use the demo trading to demonstrate block trading. After entering the Liquidity Marketplace, you will automatically enter the 【Create RFQ】 page. Below this page, multiple trading strategies are available. You can select the strategy you want to use based on the underlying asset and strategy type. For example, select BTC here and select Volatile Market to filter out the Straddle and Strangle strategies.
Here, click Straddle Trading, then you can create an RFQ. Fill in the corresponding parameters, set the counterparty, and click Submit RFQ to post your order to the market.
More detailed information and operation steps for submitting RFQs and executions will be covered in the Custom Strategy Creation section.
3. Custom Strategy Creation on the Liquidity Marketplace
After entering the Liquidity Marketplace, you will automatically enter the 【Create RFQ】 page. Here, click Create Custom RFQ.
Next, select the underlying asset you want to block trade from the list. You can scroll down to search for related cryptocurrency by name or ticker. You can trade hundreds of cryptocurrencies on OKX Liquidity Marketplace. Block trading is particularly powerful when trading cryptocurrency with lower liquidity.
Next, select the instrument you want to trade. You can use this feature to trade spot, perpetual, futures, or options. Available instruments will depend on the cryptocurrency you selected. If the instrument is available for your selected asset, you can conduct block trading!
Here, we demonstrate buying BTC spot. Select whether it is a buy or sell. Then, enter the amount you want to buy or sell, and click Complete.
Your created RFQ will appear in the "RFQ Builder" section. Then, you can add or edit legs, or delete and start creating the RFQ again.
Among them, the Add/Edit Leg button allows you to add additional legs to your block trading order. This means you can deploy block trading strategies. We have covered these strategies in a dedicated tutorial. You can browse: Beginner Academy Special: Liquidity Marketplace
Clicking Add/Edit Leg also allows you to edit the details of existing legs. It will open the instrument selection menu again, enabling you to adjust the basic parameters.
You can select which trading counterparties to send the RFQ to by clicking 【Select Counterparty】.
Select the trading counterparties you want by checking the box next to each one. You can also use the "Select All" option to send your RFQ to all available counterparties—up to 15. After selecting counterparties, click Complete.
Additionally, you may want to submit your RFQ anonymously. Then, carefully review the entered details. When you confirm the current order parameters, click Send RFQ.
Afterward, the webpage will automatically redirect to the RFQ market, where you will see the requests you have sent, displaying the creation date, expiration time, and status. It also displays quotes from trading counterparties. RFQs are valid for trading during their validity period—generally, spot trading is valid for 2 minutes and options trading is valid for 10 minutes.
Your selected counterparties will respond to your RFQ with quotes. Responses also remain valid until 2 minutes before expiration.
Counterparties do not know which side you will select. This also incentivizes them to provide the best possible prices in their quotes. They typically quote both legs. They may also quote only the buy or sell side.
You will see the quotes on the RFQ market. If you want to accept a quote, click Buy or Sell. If you are not satisfied, you can also initiate "Repricing"
Here, click Buy, then review the order details in the pop-up window below. If you want to complete your block trading, click Confirm Execution.
Additionally, other traders will not know about your block trading, which helps you better execute your trading strategies.
After placing the order, it will be displayed as "Bought/Sold" on the RFQ market. Then, you can view completed trades in "Order History" at the bottom of the RFQ market or in the trading summary sent via email.
Benefits of Block Trading with OKX
Block trading on OKX is simple and convenient. Block trading is no longer strictly reserved for institutions and hedge funds—cryptocurrency natives and other high-net-worth individuals can also benefit from it. Additionally, you can easily trade large orders and avoid price slippage.
Disclaimer
This article may contain product-related content not applicable to your region. This article is solely committed to providing general information and accepts no responsibility for any factual errors or omissions. This article represents the author's personal views only and does not constitute the views of OKX. This article is not intended to provide any advice, including but not limited to: (i) investment advice or investment recommendations; (ii) offers or solicitations to buy, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. Holdings in digital assets (including stablecoins) involve high risk and may fluctuate significantly or even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. For questions specific to your circumstances, please consult your legal/tax/investment professionals. The information contained in this article (including market data and statistical information, if any) is for general reference purposes only. Although we have taken all reasonable precautions in preparing this data and these charts, we assume no liability for any factual errors or omissions expressed herein. © 2025 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less may be used, provided that such use is non-commercial. Any reproduction or distribution of the full article must prominently state: "This article is copyrighted © 2025 OKX, used with permission." Permitted excerpts must cite the article title and include attribution, e.g., "Article title, [author name (if applicable)], © 2025 OKX". Some content may have been generated or assisted by artificial intelligence (AI) tools. Derivative works and other uses of this article are not permitted.
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