Kraken Institutional

OTC

Execute large orders off the open Kraken exchange through our premium OTC trading service.

Over a decade of experience building crypto-native solutions for enterprises

Deep liquidity

Access to instant, large-lot pricing and execution. Get a single quote for orders over $100K knowing you'll get your entire fill – and its exact price – before you trade.

Comprehensive listings

Access all asset pairs listed on the Kraken exchange or trade 150+ pairs in seconds via the OTC Portal.

Settlement flexibility

Settlement options allow you to settle trades within 24 hours using your Kraken account, your bank and/or external wallet.

Features

Large crypto trades with private, personalized services

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.

Trade via chat

Chat securely with our trade desk to confirm the asset, lot size and price of your trade. Benefit from white-glove, personalized service from initial consultation to trade execution.

Full suite of OTC capabilities

OTC spot

Fill large spot pair orders over chat or RFQ. Kraken OTC offers deeper liquidity and minimal slippage for competitive execution and settlement 24/7/365.

OTC derivatives

Our OTC Derivatives offering includes options trading and structured products, providing maximum flexibility to tailor your investments in line with your objectives. Learn more.

Why Kraken?

Market share

We have been at the forefront of crypto for over a decade, with over 9 million clients in 190 countries. We are #1 in Europe with over 35% market share.

Security expertise

Kraken is secured by industry-leading security and cryptography experts.

24/7/365 support

Our award-winning, always-available Account Management team has deep expertise in crypto products and services.

Start trading OTC with Kraken Institutional

If you're ready to unlock OTC trading with Kraken, fill out the form below. A member of the Kraken Institutional team will reach out to help you get set up.

FAQs

OTC

What is the OTC Portal?
The OTC Portal is a self-service system that enables OTC clients to get executable, automated quotes for supported cryptoassets, including:

Customized price charts based on your trading habits

Position exposure information

Recent transactions and OTC trading history

RFQ access
What cryptocurrencies do we support?
Trade over chat:

All asset pairs listed on the Kraken exchange, e.g., BTC, ETH, SOL, MATIC, USDT and USDC (subject to geographic restrictions)

RFQ:

Over 20 assets, e.g., BTC, ETH, SOL, MATIC and stablecoins such as USDT and USDC (subject to geographic restrictions)

OTC Derivatives:

BTC and ETH are supported for options trading (subject to geographic restrictions).

OTC Derivatives services are only available to OTC clients in certain jurisdictions. Learn more about OTC Derivatives.
What is the minimum trade size?
The minimum trade amount is an equivalent value of $100,000 USD. There is no maximum size for trading over chat.
Is there a fee?
Kraken OTC does not charge any additional trading fees. The bid or offer price we show is the 'all-inclusive' price.
How do I get started?
To conduct OTC trades over RFQ only, clients must be Intermediate-level verified. To conduct OTC trades over chat, clients must be Pro-level verified.

Please find our verification level requirements here.
How does settlement work?
Trade obligations must be settled within 24 hours

Crypto can be settled to/from your Kraken exchange wallet or sent to the external wallet of your choice

USD can be settled to/from your Kraken account or wired directly to your bank account

Other fiat currencies available for trading on Kraken must be settled to your Kraken account

Your settlement options:

Flexible settlement arrangements allow you to settle trades with your Kraken account, your bank, or an external wallet of your choice within 24 hours

RFQ offers a fully automated trade and settlement feature, in addition to flexible settlement (subject to eligibility):

Automated settlement allows you to trade and settle with your Kraken balance. Your Kraken account must be funded, and once your trade is filled your assets will be settled into your Kraken account within seconds.

Flexible settlement, available to eligible clients, allows you to settle trades within 24 hours via your Kraken account, bank or an external wallet.

Terms and eligibility

Eligibility for OTC trading is subject to applicable AML/CFT laws and regulations.

We require a minimum order size of $100,000 and will consider exceptions on a case-by-case basis.

Kraken OTC does not hold custody of assets on behalf of trading counterparties.

Kraken OTC's chat trading and RFQ services are available to Pro-level verified clients. RFQ-only services are available to Intermediate-level verified clients.

Availability of products may vary by jurisdiction.