How to Trade Large Orders on the OKX Liquidity Market?
Block Trading is one of the cutting-edge products and services offered by OKX, which users can utilize in our liquidity market. Block Trading enables users to enter or exit significant cryptocurrency positions without worrying about the risk of price slippage. The OKX liquidity market supports trading across various instruments, where users can execute block trades and deploy more complex multi-leg trading strategies.
This article will introduce how to use the block trading feature on the OKX liquidity market to create buy or sell orders. Subsequent tutorials will further explain how to leverage the platform's multi-leg and predefined strategies.
If you wish to perform block trading on the OKX liquidity market, you must complete KYC level 2 verification and have an account balance of $100,000 USD or more. While this may limit some users from accessing the feature, OKX's threshold remains relatively low compared to traditional financial platforms. This also means that the OKX liquidity market provides users with an accessible and convenient method to deploy large-scale simple or advanced trading strategies.
How to Conduct Block Trading on the OKX Liquidity Market
Log in and access the Liquidity Market First, log in to your OKX account. On the homepage, hover your mouse over the "Trade" option, then click "Liquidity Market".
Check eligibility On the Liquidity Market homepage, click the "Start Trading" button. If your account has completed KYC level 2 verification and has a balance exceeding $100,000 USD, you will enter the block trading section. If you have not completed KYC level 2 verification, the system will prompt you to complete verification before starting block trading. If your account balance is below the required amount, the system will prompt you to deposit more cryptocurrency or fiat currency to meet the minimum requirements for block trading.
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Create a Request for Quote (RFQ) After entering the Liquidity Market, you will be directed to the RFQ Builder page. Here, you can create a new custom quote request by clicking "Create new custom RFQ".
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Select underlying assets Select the underlying assets you wish to trade. You can find the desired cryptocurrency by name or symbol through the dropdown menu or search box. On OKX, there are numerous types of cryptocurrencies available for block trading. This is particularly useful for cryptocurrencies with lower market capitalization, as bulk orders may cause price slippage. After selecting the instruments you wish to trade, OKX's block trading feature is highly flexible, supporting various instruments including spot, perpetual swaps, futures, and options.
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Select trading direction Based on the selected assets, you can choose to buy or sell. Click the "B" button to buy, click the "S" button to sell.
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Fill in trading details In the popup window, enter the quantity you wish to buy or sell, and after filling in the trading details, click "Complete".
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Modify or delete orders The orders you create will appear in the RFQ Builder section. At this point, you can adjust the trading volume in the "Quantity" field, or use the trash can button to delete created orders. If you wish to clear all orders, you can click the "Clear All" button.
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Add more trading legs (optional) By clicking the "Add/Edit Legs" button, you can add more trading legs to your block trade and deploy more complex strategies. We will cover these advanced strategies in subsequent tutorials. Next, we will demonstrate a simple BTC purchase operation. After clicking "Add/Edit Legs", you can modify the details of existing orders, adjust trading parameters, and further refine your strategy.
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Select trading counterparties You can also select which trading counterparties to send your quote request (RFQ) to by clicking on the highlighted trading counterparty names below. Check the trading counterparties you wish to select. If you want to send the quote request to all available trading counterparties (up to 15), click "Complete" to confirm.
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Submit quote request If you wish to submit the quote request anonymously, please check the relevant option. Review your order details to ensure all information is correct, then click "Send RFQ" to submit the quote request.
Trading Process
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View quotes After clicking "Send RFQ", you will be automatically redirected to the RFQ Board. On the RFQ Board, you can view the sent quote requests, including creation date, expiration time, status, and quotes from various trading counterparties. Quotes will remain valid until two minutes before expiration.
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Receive quotes The trading counterparties you selected will respond to your quote request within the validity period. Trading counterparties do not know which side you will take, which incentivizes them to provide the most competitive quotes possible. Typically, trading counterparties will provide two-legged quotes for both buying and selling, though they may also provide quotes for only one side.
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Accept quote and confirm trade On the RFQ Board, you can view and accept quotes. After clicking the "Buy" or "Sell" button, you will enter the order details page to confirm the trade, then click "Confirm Execution" to complete the block trade. At this point, the trade will be executed off the order book, avoiding impact on the asset's market price. Additionally, since trading counterparties cannot determine your trading direction, this helps prevent other traders from using this information to counteract, ensuring better execution prices.
Trade Completed
After placing an order, the order status will display as "Completed". You can view completed trades in the "History" section below the RFQ Board, or through the Report Center and trade summaries in emails.
Summary
Conducting block trading on OKX is both simple and convenient. Block trading is no longer limited to well-connected institutions and hedge funds—cryptocurrency natives and other high-net-worth individuals can also benefit from it. If you meet the minimum balance requirements, you can easily trade cryptocurrency off the order book, avoiding price slippage and minimizing the impact on potential returns.
Disclaimer
This article may contain content related to products that are not available in your region. This article is intended to provide general information only and does not assume responsibility for any factual errors or omissions herein. This article represents the personal views of the author only and does not represent 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 purchase, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. Holding digital assets (including stablecoins) involves high risk, may fluctuate significantly, and may even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. For questions regarding your specific situation, please consult your legal/tax/investment professional. The information appearing in this article (including market data and statistics, if any) is for general reference only. While we have taken all reasonable precautions in preparing these data and charts, we assume no responsibility for any factual errors or omissions expressed herein. © 2025 OKX. This article may be reproduced or distributed in full, or excerpts of 100 words or less from this article may be used, provided that such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: "This article is copyrighted © 2025 OKX, used with permission." Permitted excerpts must cite the article title and include attribution, for example "Article Title, [Author Name (if applicable)], © 2025 OKX". Some content may be generated or assisted by artificial intelligence (AI) tools. Derivative works or other uses of this article are not permitted.
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How to Conduct Block Trading on the OKX Liquidity Market
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