We offer deep liquidity to institutions and high net-worth individuals. We offer OTC block trades with XIDR, XSGD, USDC, USDP and BUSD. Starting from IDR 500,000,000.
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How it works
1
Request for quote
Create a StraitsX Personal or Business Account and send us an enquiry on which pair you would like trade.
2
Receive quote
Once we recieve your enquiry, we will send you a trade quotation via chat, text or email within the next business hour.
3
Confirm Trade
Once you agree to the trade, you will receive an email to find the blockchain address to send the assets to.
4
Complete Trade
We will send the requested digital asset to your blockchain address within the same business day if trade is confirmed before 3pm.
Frequently Asked Questions (FAQs)
What is an OTC desk?
OTC (Over-The-Counter) trading within the digital assets space is a private deal between a buyer and a seller. It is the process of negotiation between a person who has available digital assets to sell at the desired price, and a person who wants to purchase said digital asset at a given price, for example swapping USDC to XSGD. An OTC transaction is made when an agreement on the trading price is agreed upon. The StraitsX OTC solution provides deeper liquidity and a private, more personalized service to institutions and high net-worth individuals that needs to fill large orders.
What is the operating hours of the StraitsX OTC Desk?
The StraitsX OTC Desk operates on Monday to Friday, 9:00am - 6:00pm WIB. This excludes public holidays.
What payment methods are accepted?
Users can top up their StraitsX Business or Personal Account with Rupiah (IDR) via bank transfer or send digital assets to our provided blockchain address.
What is the minimum amount per OTC trade?
Trades start from 500,000,000 IDR equivalent.
What is the settlement time for an OTC trade?
For trades occurring before 2pm WIB on business days, settlement will be completed on the same day. For trades occurring after 2pm WIB, settlement will be complete the following business day.
What pairs are available for an OTC trade?
Four XIDR pairs are available for an OTC trade: • XSGD/USDC • XSGD/USDP • XSGD/BUSD • XSGD/XIDR • XIDR/USDC • XIDR/USDP • XIDR/BUSD
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