Phala OTC Trading
Large Phala trades with private and personalized services
What is the Kraken OTC Desk?
Kraken’s over-the-counter (OTC) desk offers a premium service that allows traders to execute orders off the open Kraken exchange. We offer deeper liquidity for tighter spreads as well as a more private, personalized service for institutional clients and high net-worth individuals needing to fill large orders of Phala. Kraken’s OTC desk provides execution and settlement services that are discreet, secure and ultra-competitive.
Kraken OTC features
Get a single quote for $100,000-$1M orders (and higher on a case-by-case basis), knowing you’ll get your entire lot and its exact price, before you trade.
World class service
We build relationships that last. Our professional, experienced team is available to assist you anytime via email, chat or over the phone.
Request live trade quotes, execute orders and settle instantly using our request-for-quote (RFQ) feature in the OTC Portal.
Dedicated service at every step. We work to exceed your expectations and build a long-lasting relationship.
Global 24/7/365 access
Our team of experienced traders, strategically located around the globe, are available around-the-clock, seven days per week.
Our settlement options allow you to settle trades within 24 hours using your Kraken account, your bank and/or the external wallet of your choice.
How Phala OTC works
Trade Phala over chat
Chat securely with our trade desk to confirm the lot size and price of your Phala trade. Then, fund your account with wire instructions that are provided to you.
Trade RFQ via OTC Portal
Our easy-to-use, self-service RFQ offers automated OTC trading. Receive executable quotes in seconds and settle trades instantly using the existing funds in your account.
Once we receive your funds, our trader will send the asset to your preferred wallet address, along with a confirmation email to your inbox.
Trade 200+ cryptocurrencies over-the-counter
Phala OTC FAQs
What is the OTC Portal?
What cryptocurrencies do we support?
What is the minimum trade size?
Is there a fee?
How do I get started trading Phala OTC?
What are my settlement options for Phala OTC trades?
Terms and eligibility
- Minimum order size is $100,000, however exceptions can be discussed on a case-by-case basis.
- Kraken OTC does not custody assets on behalf of trading counterparties.
- Eligibility for OTC trading is subject to AML/KYC and other requirements.