Buying and settling large amounts of cryptocurrency can be a time-consuming process through traditional retail platforms. Over-the-counter (OTC) trading can eliminate a majority of the headaches by getting you in contact with a personal broker and, with VirgoCX’s deep liquidity pools, you can take solace in knowing that you are offered some of the best prices in the industry at the time of trading. But what if you needed to trade instantly, without having to jump through multiple lines of communication?
Enter OTC Direct – VirgoCX’s digital platform that allows for instantaneous large block transactions of over CA$30,000. Taking on the guise of a traditional retail platform, moving over to OTC trading becomes seamless when utilizing OTC Direct.
How does it work?
Before you are able to use OTC Direct or the traditional OTC brokerage service that VirgoCX offers, clients must first be onboarded.
Once you have been onboarded, keep an eye out for your OTC Direct login credentials being sent to you. Then, you are ready to take advantage of round-the-clock, instantaneous trading all at your fingertips.
Features
- A digital platform that performs like a traditional OTC desk: view your account balance, trade history, and real-time prices for some of the most popular trading pairs.
- Execute transactions via RFQ or limit orders.
- Like our virgocx.ca platform, OTC Direct has zero additional trading fees.
- 24/7 instant access means you work on the schedule that fits you or your business the best.
- Experience same-day, no-limit settlement.
Why would I use OTC Direct?
Flexibility
Because OTC Direct is a digital platform, you can access it regardless of where you are in the world – as long as you have an internet connection. This is a huge leap forward in accessibility for OTC clients as it eliminates the need for communication between the client and their broker. The extra flexibility means less time spent sending emails or taking phone calls and more time expanding your business prospects. Of course, your OTC account manager will still be available regardless of which route you decide to take.
Simplicity
OTC Direct looks and operates like a traditional cryptocurrency exchange, meaning you won’t miss a beat – even for large block transactions. With all the information laid out right in front of you, you can take your investments into your own hands with a few clicks. OTC Direct is unique in this way when compared to other traditional OTC desks and it is VirgoCX’s response to the evolving landscape of the cryptocurrency industry.
Industry-leading pricing
To provide the best price possible at the time of your trade, OTC Direct automatically routes your transaction through our deep liquidity pools; for coins like BTC and ETH, this allows you to save on market orders. As we always have institutions in mind by design, we offer trading pairs for foreign currencies like EUR, AUD, and GBP, so that clients can enjoy competitive pricing not just in Canada, but internationally as well.
Instant access to the world’s most important cryptocurrencies
Currently available on OTC are industry staples like BTC, ETH, LTC, USDT, USDC, XLM, DOGE, ADA, LINK, and EOS, with even more on the way.
How do I get started?
If you are ready to begin taking advantage of instant OTC trading, all you need to do now is complete our onboarding process. To get started, contact us at [email protected] or begin your onboarding process by filling out the registration form at the bottom of the page on our website.
Disclaimer: No Investment Advice The contents of this article are for informational purposes only and are not intended as, and shall not be understood or construed as, investment advice, financial advice or trading advice. There are substantial risks associated with the trading of cryptocurrencies and you should consult with a licensed financial advisor prior to making any trading or investment decisions. Content Not Warranted The contents of this article are provided “as is” and without warranties of any kind. You bear all risks associated with the use of the content provided including without limitation, any reliance on the accuracy, completeness or usefulness of any content available within this article.