Over the Counter (OTC) Trading

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Summary

The over-the-counter (OTC) trading desk can arrange for the purchase and sale of digital assets. Paxos is an agency block trading business and does not trade against our counter-parties. We request quotes from other participants and liquidity venues and show you the best price that we see in the market. 

* Please keep in mind that OTC trade pricing will vary from exchange pricing dependent on liquidity access and order size.

OTC Trade Limits, Fees & Supported Assets:

  1. Our minimum trade size for OTC requests are $100,000 USD notional value
  2. The fee is 10 basis points (.1%) on the notional value of the trade
  3. Paxos will only support trades in the following currencies: BTC, ETH, LTC, BCH, PAXG, AAVE, MATIC, UNI, LINK and SOL.

OTC Process

Step Description
1

To get started with OTC, please create a verified Paxos account by signing up here.
2

Once your account is created, contact otc@paxos.com with the below format to gain access to pre-fund your account:

Subject: OTC Trading Access

Paxos registered email address
3

Paxos will confirm once you have access to pre-fund your account with USD (to buy) or the digital asset (to sell).

 
4

After receiving the confirmation, within 5 business days, please either:

  1. Pre-fund your account with USD (to buy) or the digital asset (to sell), keeping in mind that the minimum trade size for OTC requests is $100K USD notional value

OR

  1. Fund your account with a minimum of $150K in USD notional value

If you have not met either requirement within 5 business days, we will close your account.
5

Contact otc@paxos.com with the below format to place an order:

Subject: OTC Trade

  1. Paxos registered email address
  2. Asset you’d like to buy or sell
  3. Amount you’d like to buy or sell
6

The OTC trader will request quotes from verified OTC liquidity providers or counterparties and show you the best bid and / or offer in the market.
7

Once you have agreed on the trade price, the trade will be booked and finalized
8

Paxos will then send a confirmation email to your Paxos registered email with detailed settlement instructions.
9

You will be required to confirm the email and follow the settlement instructions in order to complete settlement of the trade**.

***Most trades settle on the same business day as they were booked. Trades confirmed close to end of business may settle the following business day.

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