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Institutional trade volume on the OKX Liquid Marketplace has surpassed $3 billion, the second-largest crypto exchange by trading volume announced on Friday. The Liquid Marketplace is an on-demand liquidity network for professional and institutional traders. This platform allows traders to send requests for quotes (RFQs) to market makers for large digital asset transactions.  OKX Liquid Marketplace Experiences Rapid Growth In Q2 In a press release on Friday, OKX announced that its Liquid Marketplace has now exceeded $3 billion. “This milestone is a testament to the Liquid Marketplace’s success in providing institutional traders with deep liquidity and reliable execution,” the press statement read. Related Reading: Whales Dive Into XRP, Accumulating $170 Million Worth: What’s Their Game Plan? In April 2023, OKX revealed that the institutional Liquid Marketplace recorded over $1 billion in trading volume in the first quarter of 2023. As of now – the end of June and 2023 Q2, this figure has more than tripled, surpassing the $3 billion mark. Furthermore, the Liquid Marketplace has been advancing in innovation and product development lately. A few days ago, OKX disclosed the launch of the “Nitro Spreads” feature on the institutional trading platform. Nitro Spreads allows professional and institutional traders to make complex basis trades in a single click. Basis trading refers to trading the difference between an asset’s price on two distinct markets, such as spot vs futures, to generate profits.  This type of trading can be cumbersome, as it usually requires both legs of the trade to be executed simultaneously. However, Nitro Spreads automates this process by executing the two legs of the trade via a central orderbook. On the Liquid Marketplace, traders can use the feature across any combination of the spot, perpetual, and futures markets. OKB Price Slows Down, Makes No Significant Movement In The Past Week While the OKX ecosystem has been surrounded by positivity in recent days, this has not been reflected in the price of OKB, the exchange’s native token. The coin has not registered any loss or gain in the past seven days, according to CoinGecko data. That said, the OKB token appears to be losing the momentum that pushed its price by nearly 13% in the previous week. The cryptocurrency has also not made any significant price movement since then. Related Reading: Bitcoin Price Stalls Below $31,000, Is The Best Time To Buy Next Monday? Price data reveals that OKB has been in a ranging market in the past few months, trading between the $55 and $40 price points. Since reaching a yearly high of $57.98, the cryptocurrency’s price has decreased by roughly 23%. As of this writing, the OKB token changes hands at $44.53, representing a 2.6% price increase in the last 24 hours. Meanwhile, the coin has a 24-hour trading volume of more than $6 million, with a 33.7% increase in the last day. OKBUSD trading at $44.391 | Source: OKBUSD chart from TradingView Featured image from OKX, chart from TradingView

Ethereum Classic (ETC) is currently experiencing a rise in its market price, gaining 13.99% in the last 24 hours, according to data from CoinMarketCap.  Following the ETC’s dip in the last two days, it appears the bulls have retaken control of the market, pushing the coin to trade above the $20 mark for the first time since April. ETC’s Price Action In June Ethereum Classic has found a place among the headlines in the last two weeks following its initial bearish form at the start of June.  ETC began the month trading around $18.01 before experiencing a nosedive which saw the token trade as low as $13.99 on June 10. Related Reading: Litecoin Up 18% In Past 24 Hours, Is Halving Rally Here? Thereafter, ETC would rise to $15.03 and hover around this price region for the next few days before embarking on a bullish run that to gain by 28.60% between June 20 and June 24, hitting the price resistance level at $19.33.  The following days would then present a mixed price action before ETC finally retraced to its key support level at $17.64 on June 29. After retesting at this price zone, ETC’s price has resumed its uptrend, climbing higher since then. Ethereum Classic (ETC) remains one of the major projects in the cryptocurrency space. Launched in July 2016, Ethereum Classic is a hard fork of Ethereum created to preserve the purpose and integrity of the original Ethereum network.  At the time of writing, ETC is exchanging hands at  $20.90, with a 1.51% gain in the last hour. The token’s 24-hour trading volume is currently valued at $482 million, having also gone up by 208.92%. ETC Trading At $21.03 On The 1-Hour Chart | Source: ETCUSD Chart On Tradingview.com ETC Price Analysis And Prediction Looking at the ETC’s hourly chart, its Moving Average Convergence Divergence (MACD) remains well above the signal line indicating the token’s bullish run may still be on.  However, its Relative Strength Index (RSI) is currently in the overbought zone at 89.71, meaning a selling pressure may soon occur, which may drive down the token’s price. Related Reading: Ethereum Continues Uptrend As Staked ETH Soars To New High According to the prediction site, WalletInvestor, if the bulls manage to sustain buying pressure, ETC’s price would experience only a small rise reaching the market value of $21.42 in 14 days. However, if the reverse is the case, and ETC falls under bearish pressure, the team predicts the token to fall to a market price of $18.00.  That said, most of the crypto markets are also on an uptrend alongside Ethereum Classic (ETC). Market leader Bitcoin (BTC) is up by 0.87% in the last day, while other notable coins such as Cardano (ADA) and Solana (SOL) are also gaining by 7.41% and 6.72%, respectively. Featured Image: The Guardian Nigeria, chart from Tradingview.

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