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Kraken announces expansion to its OTC trading platform

On September 17, a cryptocurrency exchange Kraken announced a major expansion to its over the counter (OTC) trading platform which will enhance the execution of large block trades for clients worldwide.

“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”, – writes Kraken in its blog.

Currently Kraken supports trading of 17 digital assets including Bitcoin (XBT), Ether (ETH), Bitcoin Cash (BCH), Ether Classic (ETC), Ripple (XRP) etc., as well as 3 fiat currencies: US dollars (USD), Euros (EUR), and Japanese yen (JPY).

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

The minimum order size is $100,000 but exceptions can be discussed on a case by case basis.