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:
- 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.
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:
OR
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
|
| 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.