Crypto Exchange Kraken Expands OTC Block Trading Service

Announcements, News | September 19, 2018 By:

Crypto exchange Kraken is expanding its over the counter (OTC) trading platform to enable large block transactions for its clients worldwide.

Kraken’s OTC trading platform offers “hi-touch service” at every step ranging from initial consultation and expert market insight, all the way through final settlement. The platform currently supports 17 cryptocurrencies, including bitcoin, ether, Bitcoin Cash, Ether Classic, Ripple, Lumens, EOS, Litecoin, Monero, Dash, Zcash, Melon, Augur, Gnosis, Iconomi, Tether, Dogecoin, and 3 fiat currencies – US dollar, Euro, and Japanese yen.

Kraken said the minimum amount a trader can order is $100,000 but exceptions can be discussed on a case by case basis. It also said that the platform will now have an OTC desk, which will be open 24 hours on weekdays with more limited availability over the weekend.

“We offer deeper liquidity and private, personalized service to institutions and high net-worth individuals needing to fill large orders,” Kraken said. “Whether you are trading blocks of 100,000 USD, 100,000,000 EUR or 2,000 Bitcoin, the OTC desk will provide you with execution and settlement services that are discrete, secure and ultra-competitive.”