Exchange helps institutions execute bulk crypto trades without price slippage

cointelegraph.com:

Large crypto orders can be challenging — and it can be difficult to get consistent, favorable prices when the markets are moving quickly.

But now, a crypto exchange has launched a new feature that aims to tackle this head on.

OKX says Block Trading allows institutions and professional crypto traders to buy and sell cryptocurrencies in bulk, all while eliminating the risk of price slippage.

Spot, futures, options and perpetual swap trades are available — as well as multi-leg combination trades off the books.

The trading platform says this approach offers distinctive advantages for users — opening access to competitive pricing, with trades executed in a single click.

A broad array of assets are also supported through Block Trading, and Solana options were recently added to the list.

Other perks for users include an easy-to-use graphical user interface, a REST API for accessing market data, and an intuitive position builder that enables investors to better visualize potential payoffs and risks.

OKX's financial markets director Lennix Lai explained: "As the crypto market matures and more professional and institutional investors enter it, OKX is introducing Block Trading to ensure these users have the tools they need to invest well. Block Trading on OKX allows investors to not only make large trades at more favorable prices, but to do so without the risk of their trading causing price slippage."

So all of this sounds exciting — but how exactly does it work in practice? 

Well, as the name suggests, it involves breaking down large transactions into smaller blocks.

Block Trading is designed to ensure that transactions can take place over the counter rather than in the open market, meaning it'll never end up hitting the order books.

Institu