On August 17, 2023, cryptocurrency trading platform and Web3 technology company OKX and leading algorithmic trading strategy and execution management provider CoinRoutes announced an expansion of their partnership to provide comprehensive API trading services for institutional users.

Institutional users can now trade through the CoinRoutes interface using their OKX account, which provides advanced trading algorithms, market data dashboards, and proprietary trading cost analysis tools to measure user trading performance. CoinRoutes' order types include automated spread trading and multi-product trading within a single order.

OKX Global Chief Commercial Officer Lennix Lai said: "CoinRoutes is one of the world's largest cryptocurrency order execution management systems. Our integration with CoinRoutes aims to enable institutional users to optimize their trading strategies through OKX's powerful partnerships. In addition, through this partnership, we can expand the OKX broker network and provide users with better products, services, and incentives to further enhance their trading experience."

CoinRoutes CEO and Co-founder Dave Weisberger said: "We are pleased to announce our integration with the world's leading cryptocurrency exchange, OKX. This strategic alliance aligns with our mission to provide the most comprehensive and best-performing digital asset trading solutions for global customers. Through OKX's extensive liquidity and excellent transparency, we will continue to enhance customers' trading strategies and execution efficiency. This collaboration with OKX is an important step in expanding our global business footprint, which reinforces our commitment to providing innovative, efficient, and data-driven trading solutions to users."

About OKX

OKX is a leading global cryptocurrency exchange and Web3 technology company. OKX is trusted by over 50 million users worldwide for providing a cryptocurrency trading application that is both fast and reliable.

OKX has closely collaborated with English Premier League champions Manchester City F.C., McLaren F1 Team, Olympic snowboarder Scotty James, and F1 driver Daniel Ricciardo, hoping to enhance fan experience through new interactive methods. In addition, OKX is also a top partner of the Tribeca Festival, committed to attracting more creators to the Web3 field.

In addition to the services provided by OKX exchange, OKX has recently launched the OKX Web3 wallet service, which aims to provide users with a one-stop Web3 entry point to explore DeFi, NFT, DEX, GameFi, and more.

OKX is committed to improving transparency and security, and regularly releases reserve proof reports every month. For more information about OKX, please download our application or visit: okx.com

About CoinRoutes

CoinRoutes is a top-tier institutional-grade cryptocurrency trading execution management system (EMS). With CoinRoutes, you can achieve optimal trade execution between over 3,000 assets (spot, perpetual contracts, futures) offered by 65 major centralized exchanges (CEXs), decentralized exchanges (DEXs), and liquidity providers through a single API or our trading application.

In a single order, you can use CEX, DEXs, and LP to trade between DeFi and CeFi. Our system allows you to instantly choose your counterparty and helps you diversify counterparty risk. CoinRoutes' patented distributed architecture enables our clients to control their digital wallets and private keys. Our advanced algorithms include automated spread trading and trading multiple products in a single order to achieve the lowest cost while minimizing market impact and completing orders more quickly to reduce slippage.

In addition, our built-in Transaction Cost Analysis (TCA) will help you evaluate your trading performance across our five benchmarks, including our proprietary cost calculator. CoinRoutes was founded in 2017 by former executives from Two Sigma, ITG, and Lava, and has a unique market structure for handling crypto assets from scratch.

To learn more about CoinRoutes, please visit: coinroutes.com

Disclaimer

This announcement is for reference only. This announcement does not intend to provide any investment, tax or legal advice, nor should it be construed as an offer to buy, sell or hold digital assets. Holding digital assets, including stablecoins, carries high risks and market volatility may also be significant, and you may even lose all the value of your assets. You should carefully consider whether you are suitable for trading or holding digital assets based on your financial situation and risk tolerance. OKX will not provide any investment or asset advice. You are solely responsible for the investment decisions you make, and OKX will not be responsible for any losses. Past performance does not guarantee future results. If you have any questions about your specific situation, please consult your legal/tax/investment expert.

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