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:
- Our minimum trade size for OTC requests are $100,000 USD notional value
- The fee is 10 basis points (.1%) on the notional value of the trade
- Paxos will only support trades in the following currencies: BTC, ETH, LTC, BCH, PAXG, AAVE, MATIC, UNI, LINK and SOL.
To get started with OTC, please create a verified Paxos account by signing up here.
Once your account is created, contact email@example.com with the below format to gain access to pre-fund your account:
Subject: OTC Trading Access
Paxos registered email address
Paxos will confirm once you have access to pre-fund your account with USD (to buy) or the digital asset (to sell).
After receiving the confirmation, within 5 business days, please either:
If you have not met either requirement within 5 business days, we will close your account.
Contact firstname.lastname@example.org with the below format to place an order:
Subject: OTC Trade
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.
Once you have agreed on the trade price, the trade will be booked and finalized
Paxos will then send a confirmation email to your Paxos registered email with detailed settlement instructions.
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.