Kraken OTC is excited to announce our request-for-quote (RFQ) feature is now available in the Kraken Pro app. With RFQ, you avoid the hassle of navigating fast-moving and illiquid markets while on the move thanks to our automated, self-service interface that makes trading orders over $100,000 simple and fast.
Receive executable OTC quotes at your fingertips
With RFQ, you get a single quote for orders over $100,000 knowing you’ll get your entire fill — and its exact price — before you trade. Here are some key features available in the Kraken Pro app:
Automated OTC trading
Get a quote, trade and settle in seconds while on the go using the funds in your account.
Increased optionality
Choose your preferred settlement option on a trade-by-trade basis. Settle instantly with automated settlement or trade now and settle later with flexible settlement (available on request).
Range of assets
Get quotes for 20+ crypto assets, including stablecoins and crypto-to-crypto assets.* RFQ supports 7 quote currencies: AUD, CAD, EUR, GBP, USD, USDC and USDT.
Trade history
View your OTC spot order history all in one place.
How to get started
Kraken OTC clients verified with an Intermediate-level or Pro-level account can access automated OTC trading. If you’re not already a Kraken OTC client, sign up here. Once you’re signed up, OTC will appear in your Kraken Pro app and Kraken Pro web interface.
Our OTC traders are available 24/7 to support onboarding and answer your questions.
* Geographic restrictions apply
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the crypto-asset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here.
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Author: KrakenFX
