Crypto.com is enhancing its offerings for major traders in the United States with the launch of its over-the-counter (OTC) trading desk. This new service is designed for VIP and high-net-worth clients who require the ability to transact large volumes without disrupting the market, offering multiple execution methods to streamline the trading process.
The OTC suite is divided into three distinct components, enabling traders to select the option that best suits their operational needs:
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OTC Portal: A user-friendly dashboard providing instant, customizable quotes with zero fees.
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Private OTC Desk: A dedicated, around-the-clock line for requests-for-quotes (RFQ), allowing clients to consult experienced traders for tailored pricing and voice execution.
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OTC API: Intended for programmatic traders, this feature includes support for REST, WebSocket, and FIX, allowing straightforward integration into existing systems or the development of bespoke trading interfaces.
To attract large traders, Crypto.com is introducing several advantageous features. These include very tight spreads, zero trading fees regardless of the number of trades executed, and instant pricing on over 500 trading pairs, which encompass major tokens, stablecoins, and fiat currencies. For those prioritizing execution assurance, the Firm Quote option provides guaranteed execution without “last look,” ensuring atomic settlement for their trades.
Utilizing an OTC desk is particularly beneficial when trading sizeable amounts, as typical exchange orders can lead to market slippage. By enabling buyers and sellers to conduct large trades with minimal market impact and more privacy, Crypto.com aims to deliver a comprehensive trading experience. The combination of a rapid portal, an active trading desk, and reliable API access intends to cater to a wide range of clientele—from family offices that prefer a more personal approach to algorithmic trading firms in need of low-latency access.
For those managing institutional capital, operating hedge funds, or being high-net-worth individuals engaged in significant trading activities, this new suite presents an additional liquidity option. The availability of 24/7 RFQ services and the Firm Quote option is particularly advantageous for clients who prioritize execution reliability and confidentiality.
Crypto.com’s OTC services are exclusively accessible to its VIP clients within the U.S. Prospective traders can express interest through the product announcement page on Crypto.com’s website. While the platform isn’t aiming to revolutionize OTC trading, it is consolidating essential, tried-and-true tools—such as dashboards, dedicated desks, and APIs—into one cohesive offering, emphasizing competitive pricing, zero fees, and versatile execution methods. This combination is poised to appeal strongly to large-scale traders.
