What is a cryptocurrency OTC desk?
A cryptocurrency OTC desk is a service provided by brokerage firms or exchanges that are designed to facilitate large-volume trades and provide liquidity to institutional investors, high-net-worth individuals, and entities seeking to transact significant amounts of cryptocurrencies at a single price.Few readersDoes Revix have a crypto OTC desk?
Yes. Verified Revix customers can gain access to the Revix OTC desk through the Revix Private Wealth offering.Few readersWhat are the fees for trading through the OTC desk?
The Revix OTC desk acts as an intermediary to match buyers and sellers. Depending on size, price differences from buyers to sellers can vary — trading fees on the Revix OTC desk range from 1.00% to 0.20%.Few readersWhat is the OTC minimum trade size?
While the Revix OTC desk doesn’t have a strict minimum trade size, we do advise a trade size greater than R500 000. Below that level, there is adequate liquidity on the Revix app, and trading via the Revix OTC desk may not be necessary.Few readersWhat are the advantages of trading through an OTC desk?
By leveraging the services of the Revix OTC desk, clients are presented with a transparent and pre-determined price quote, removing concerns and complexities related to order books, liquidity constraints, order book depth, slippage risks, market volatility, partial fills and potential trade failures. Trading through the Revix OTC desk provides clients with a streamlined and hassle-free personalised experience, allowing clients to focus on their strategic objectives without the complexities assocFew readersWhat cryptocurrencies can I trade through the OTC desk?
The Revix OTC desk supports trade in over 2 000 crypto assets.Few readersHow do I execute a trade through the OTC desk?
Prospective OTC clients simply need to click the “Get in touch” button found at the top of the Private Wealth page and complete the quick application form. Please briefly describe the service and assets you are interested in, and a Revix OTC trader will be in touch.
Revix OTC traders are available via message, email or phone call.Few readersAre the prices on the OTC desk different from those on the public exchange?
Prices on the Revix OTC desk can differ from those on public exchanges. The Revix OTC desk negotiates prices directly with buyers and sellers, taking into account factors such as trade size, market conditions, and the specific requirements of the trader. This flexibility can result in prices that may be more favourable or competitive when compared to exchanges.Few readersAre there any special requirements to trade through the OTC desk?
There are no special requirements to trade through the Revix OTC desk. We do advise that clients trade in sizes of R500 000 or greater. Below that level, there is adequate liquidity on the Revix app, and trading via the Revix OTC desk may not be necessary.Few readersWhat hours is the OTC desk open?
As much as we would like to be 24/7, the Revix OTC desk is available Monday to Friday, 8:00 am - 18:00 pm SAST.Few readersWhat type of support is available for OTC traders?
The Revix OTC desk offers a personalised service that supports and tailors solutions to meet the client's specific needs.Few readers