This page is for information purposes only. Certain services and features may not be available in your jurisdiction.

One Market. Deeper Liquidity

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Tired of switching between BTC/USD and BTC/USDC? Or forgetting which pair you opened that trade on? We get it. Managing multiple stablecoin pairs just to find the best price or the right market shouldn’t be part of your daily strategy. Every second counts, and every click adds up. That’s why we’ve simplified it for everyone.

Introducing: The Unified USD Orderbook

Now, instead of choosing between pairs like BTC-USD, BTC-USDC, or BTC-USDG, you trade a single USD market. Behind the scenes, OKX handles the routing and conversion, while you get the price and fills efficiently. We didn’t just mirror orderbooks or slap on a prettier design. We rebuilt the engine underneath. Here’s what that means for you:

  • True unified liquidity: Across USD, USDC, and USDG

  • Execution transparency: You still hold and settle in your preferred stablecoin

  • Fast, tight, and reliable fills: With tighter spreads and less friction

  • All the flexibility: No more switching

For Retail Traders, no more toggling between liquidity pools, or being limited by the markets. One USD Unified orderbook market gives you access to over 270+ spot pairs, boosting both accessibility and liquidity. This means:

  • Deeper liquidity and tighter spreads

  • Faster fills in volatile markets

  • A clean, simplified experience—regardless of which stablecoin you use

For Institutional Clients, the unified back and front end means:

  • API users now only need to reference just one ticker (e.g., BTC-USD) instead of managing multiple stablecoin-specific tickers.

  • Settle in your preferred asset (USD, USDC or USDG) via the [tradequoteCcy] parameter.

  • RFQ flow support coming soon in next phase rollout.

  • Smoother execution for larger orders.

Building in a regulated environment, for the future

In markets like the U.S., Singapore, UAE, and the Bahamas—regulatory clarity around stablecoins is shaping the future.

Our Unified USD Orderbook is designed for that future:

  • Full 1:1 redemption and compliance-aligned rails

  • Support for multiple regulated stablecoins (today: USDC and USDG, more coming)

  • Transparent, preference-driven settlement—without compromising on performance

Whether you’re trading casually on mobile, or routing millions through an institutional desk, the Unified USD Orderbook makes every move smarter, faster, and more powerful.

Welcome to OKX’s Unified Orderbook.

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto/digital assets, or (iii) financial, accounting, legal, or tax advice. Crypto/digital asset holdings, including stablecoins, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding crypto/digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein.

© 2025 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2025 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2025 OKX.” Some content may be generated or assisted by artificial intelligence (AI) tools. No derivative works or other uses of this article are permitted.

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