Please note that the StraitsX OTC desk will be closed on August 9th 2024 for Singapore's National Day Public Holiday. Any OTC requests received during this period will be responded to when normal operating hours resume on August 12th 2024. We apologise for any inconvenience caused during this period.
OTC
Stablecoin OTC Desk
We offer deep liquidity to institutions and high net-worth individuals. We offer OTC block trades with XSGD, XUSD,XIDR, USDC,and USDT, starting from US$100,000.
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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 personalised service to institutions and high-net-worth individuals that need to fill large orders.
What is the operating hours of the StraitsX OTC Desk?
The StraitsX OTC Desk operates from Monday to Friday, 9:00am - 5:30pm SGT. This excludes public holidays.
What payment methods are accepted?
Users can top up their StraitsX Personal or Business Account with Singapore Dollars (SGD) or US Dollars via bank transfer, or send accepted digital assets to our provided blockchain address.
Detailed instructions will be provided over email upon request submission, based on the requested trading pair.
What is the minimum amount per OTC trade?
Trades start from US$100,000.
What is the settlement time for an OTC trade?
For requests submitted before 2pm SGT on business days, the settlement will be completed on the same day.
For requests submitted after 2pm SGT, the settlement will be completed on the following business day.
What currencies are available for an OTC trade?
These stablecoins are available for an OTC trading: • XSGD • XUSD • XIDR • USDC • USDT
These fiat currencies are supported for your on-ramp and off-ramp needs: • SGD • IDR • USD
Ready to get started?
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