A block trade is a large-sized, privately-negotiated transaction. They are common among institutional investors, hedge funds, and high-net-worth individuals deploying significant capital. When executing large orders on exchanges, traders risk disrupting the market and causing extreme price changes. Alternatively, takers and makers can agree on a settlement price discreetly and privately with a request-for-quote (RFQ).
A request-for-quote, or RFQ, is an electronic notification sent to market makers expressing the sender's intention to trade a specific instrument or strategy. Market makers will be alerted once an RFQ has been sent and will be prompted to submit an ask and a bid price for the request.
Yes. In order to trade in the OKX Liquid Marketplace, please make sure your OKX trading account has at least 10,000 USD or equivalent.
On the Liquid Marketplace, the minimum notional size of an all-spot RFQ is 10,000 USD or equivalent. For all other RFQs, the minimum notional size is 50,000 USD or equivalent. The minimum notional size is subject to exceptions during times of market volatility.
All trading pairs listed on OKX are available to trade on OKX Liquid Marketplace.
Spot, perpetual swaps, futures, options, and multi-leg strategies are supported on OKX Liquid Marketplace.
You must first complete identity verification.
Yes, the types of trading activities you can access in the Liquid Marketplace are subject to your local laws and regulations. Please refer to the full OKX Terms of Service
for more information.