Block trading allows for the execution of large-volume cryptocurrency trades, often at more favorable prices and with reduced market impact. OKX offers a streamlined platform for both individual and institutional traders to participate in this advanced market segment. This guide covers the essential steps to get started with block trading on OKX, including account setup, asset requirements, and role-specific registration processes.
Prerequisites for OKX Block Trading
Before accessing block trading features, you need an OKX account. Registration is straightforward and requires basic personal and verification details. Once your account is set up and verified, you can proceed to meet the specific requirements for block trading.
Minimum Asset Requirement
To qualify for block trading, you must hold a minimum of $200,000 in assets within your OKX account. These assets can be in the form of fiat currency or cryptocurrency. You can deposit funds using various methods, including bank transfers or crypto deposits.
👉 Explore deposit methods and asset requirements
Step-by-Step Registration Process
For Takers (Trade Executors)
- Log In: Access your verified OKX account.
- Navigate to the Market: From the top navigation bar, select Trade, then choose Liquidity Market.
- Start Trading: On the welcome page, click the Start Trading button.
- Automatic Registration: If your account meets the $200,000 minimum asset threshold, you will be automatically registered as a "taker." This role allows you to send price requests and execute block trades immediately.
For Makers (Liquidity Providers)
Makers are responsible for providing competitive and timely pricing. Due to this critical role, the registration process involves a vetting procedure to ensure credibility and sufficient market-making capability.
- Existing Users: If you already have an OKX account, contact your dedicated account manager to express your interest in becoming a maker.
- New Users: If you are new to OKX and interested in market making, you must complete a dedicated application form. The OKX team will review your application and, if you are a viable candidate, contact you to guide you through the onboarding process.
Account Configuration for Block Trading
A significant advantage of OKX's block trading is its simplicity. Beyond meeting the asset requirement, no complex changes to your existing account settings are needed.
- Account Modes: All account modes are supported.
- Local Currencies: Various local currencies can be used.
- Margin Modes: Different margin modes are also supported.
It is important to note that all block trades on OKX are executed in "Net Mode" by default. This setting is applied automatically for block trades, regardless of the mode you have selected for other trading activities on the platform.
Frequently Asked Questions
What is the minimum asset requirement for OKX block trading?
You must maintain a minimum of $200,000 in assets (fiat or crypto) in your OKX account to qualify for block trading. This ensures participants have the necessary capital for large-volume trades.
How do I register as a taker for block trading?
Once your account is funded above the minimum requirement, simply navigate to the Liquidity Market from the Trade menu and click "Start Trading." Your registration as a taker is automatic and immediate.
Is the process different for becoming a market maker?
Yes. Becoming a maker requires an application and vetting process due to the need for providing reliable liquidity. Existing users should contact their account manager, while new users must fill out a specific application form for review.
Do I need to change my account settings for block trading?
No major changes are required. OKX block trading supports all account modes, currencies, and margin settings. Trades are automatically executed in Net Mode, overriding other settings only for those specific transactions.
What currencies can I use for block trading?
OKX supports a wide range of cryptocurrencies and several fiat currencies for block trading. The available options can be viewed within the Liquidity Market interface once you have access.
Can I participate in block trading from any country?
Availability is subject to local regulations. It is your responsibility to ensure that using OKX's block trading services complies with the laws and regulations of your country of residence.