Bitcoin and cryptocurrency exchange Kraken today announced an expansion of its OTC trading platform which to enhance execution of large block trades for clients.
Kraken OTC will offer hi-touch service at every step of a transaction ranging from initial consultation and market insight, all the way through final settlement.
Whether a client is trading blocks of 100,000 USD, 100,000,000 EUR or 2,000 BTC, the OTC desk will offer deeper liquidity and private, personalized service to institutions and high net-worth individuals needing to fill large orders.
The Kraken OTC team has nine professional traders throughout North America, Europe, and Asia. Members have a combined 100 years of trading experience working for major financial institutions such as JP Morgan, Credit Suisse, UBS, Morgan Stanley, and Merrill Lynch.
To get started, Kraken asks to simply email email@example.com with an inquiry. A desk member will respond and open a line of communication via the preferred messaging application.
Current Assets are Listed Below
- 17 crypto assets: Bitcoin (XBT), Ether (ETH), Bitcoin Cash (BCH), Ether Classic (ETC), Ripple (XRP), Lumens (XLM), EOS (EOS), Litecoin (LTC), Monero (XMR), Dash (DASH), Zcash (ZEC), Melon (MLN), Augur (REP), Gnosis (GNO), Iconomi (ICN), Tether (USDT), Dogecoin (DOGE)
- 3 fiat currencies: US dollars (USD), Euros (EUR), Japanese yen (JPY)
Hours of Operation
The OTC desk with offices in North America, Europe and Asia is open 24 hours on weekdays with more limited availability over the weekend.
Manned Office Hours:
UTC: Sunday 11 PM to Saturday 1 AM
EST: Sunday 7 PM to Friday 9 PM
PST: Sunday 4 PM to Friday 6 PM
CEST: Monday 1 AM to Saturday 3 AM
HKT: Monday 7 AM to Saturday 9 AM
Minimum Order Size
The minimum order size is $100,000 but exceptions can be discussed on a case by case basis.