We are one of the largest principal OTC traders and liquidity providers in the cryptocurrency space and a subsidiary of diversified principal trading firm DRW. We specialize in making institutional-sized markets with counterparties in cryptocurrency. We do not offer or provide any exchange, brokerage or custodian services.
We work with approved global counterparties ranging from individuals to entities. To become an approved counterparty, you must meet our minimum trade size of $100,000 and submit required KYC material.
Once we have approved you as a counterparty, we are able to quote you prices to trade. If we agree on a trade, you will wire in USD (if you are buying) or you will send us cryptocurrency (if you are selling). After we receive your delivery, we will send you cryptocurrency or issue a USD wire. All transactions are settled post-trade.
We primarily trade bitcoin (BTC), ethereum (ETH), zcash (ZEC), bitcoin cash (BCH), ethereum classic (ETC) and monero (XMR). Markets can be priced in USD or BTC. We are also open to trading other cryptocurrencies.
Our minimum trade size is $100,000.
We do not charge a fee. However, please note we calculate a spread based off of current market levels when providing pricing to approved counterparties. We take a number of factors into our calculations such as current index prices, market liquidity, volatility and our overall positioning in the market.