Crypto exchange Kraken launches OTC platform with minimum order size of $100k

Crypto exchange Kraken has announced that it is expanding its Over The Counter (OTC) trading platform to enhance the execution of large block trades for clients worldwide.

According to the official announcement, the minimum order size is $100,000. Kraken said:

“We offer deeper liquidity and private, personalized service to institutions and high net-worth individuals needing to fill large orders. 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.”

The OTC desk with offices in North America, Europe, and Asia is open 24 hours on weekdays with more limited availability over the weekend, Kraken said.

Kraken currently supports 17 digital assets including 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), and 3 fiat currencies including US dollars (USD), Euros (EUR), Japanese yen (JPY).