OKX Makes Move to Facilitate Bitcoin Arbitrage

OKX, the world’s third-largest crypto exchange by trading volume, will introduce a new automated execution feature for its two-legged crypto arbitrage strategy, allowing individual investors to maximize returns.

The new update will resolve the confusion that OKX’s arbitrage bot had with simultaneously placing opposing positions on spot and perpetual futures. According to a press release shared with CoinDesk, this method was chosen to prevent traders from diverging in price between the two markets.

The placement of positions in markets tied to bitcoin (BTC) and other cryptocurrencies is adjusted via built-in artificial intelligence, making the normally rather complex arbitrage strategy accessible to traders with varying levels of experience.

The automated implementation will enable OKX’s individual investors to achieve similar returns.

The smart mode of the exchange’s arbitrage bot will manage the execution of entry and exit and position adjustment, automatically suggesting the most suitable strategy. The custom mode will allow traders to choose strategies based on their research.