Kraken Announces New AutoRFQ and OTC Portal for Instant Block Trading

Kraken is excited to announce our automated request-for-quote (AutoRFQ) tool, enabling over-the-counter (OTC) clients to instantly trade large orders ($100K+) for a variety of cryptocurrencies.

AutoRFQ empowers institutions and high-net-worth individuals to independently request and accept automated block trade quotes via the Kraken OTC desk. Execution and settlement are discreet and secure while offering competitive pricing.

The Kraken OTC desk offers deep liquidity and private, more personalized service to institutions and high-net-worth individuals, filling large orders that might be disruptive if placed on exchanges. With AutoRFQ, trading OTC is now just a few clicks away.

Log onto the new OTC Portal today to:

  • Request quotes and trade instantly via AutoRFQ
  • Generate a report of your entire OTC trade history

How to use AutoRFQ in four simple steps:

Navigate to the OTC Portal on Kraken.com.  Click on the “Tiles” next to your profile in the top right corner then click on “OTC Desk.”

Follow these four simple steps to request and accept a buy quote using AutoRFQ. Note that other than choosing “sell” instead of “buy,” the steps to request and accept a sell quote are the same.

Step 1: Request a quote in the RFQ tab by entering an amount and select “Get quote for buying.”

Step 2: Within seconds, the OTC desk provides a quote price for the transaction, which you can choose to accept or reject within the displayed time frame.

Step 3: If the quoted transaction is accepted, a confirmation email will be sent.

Step 4: The accepted quote will now appear under “Your quote history” on the right side your dashboard screen:

Supported Assets

AutoRFQ currently supports trading on the 20 assets/100 asset pairings listed below (with many more to come). Some assets are subject to maximum trade size conditions.

Name Assets
Aave AAVE
Algorand ALGO
Avalanche AVAX
Bitcoin BTC
Bitcoin Cash BCH
Cardano ADA
Chainlink LINK
Cosmos ATOM
Dogecoin DOGE
Ethereum (“Ether”) ETH
Flow FLOW
Kusama KSM
Litecoin LTC
Monero XMR
Polkadot DOT
Polygon MATIC
Shiba Inu SHIB
Solana SOL
Stellar Lumen XLM
Tezos XTZ

 

Quote Currency
EUR
GBP
USD
USDC
USDT

Already a Kraken OTC client? Try out the new AutoRFQ and OTC Portal today!

If you are new to Kraken OTC and would like to sign up for this service, please contact otc@kraken.com. We’re always happy to help guide you through the onboarding process.

Thank you for choosing Kraken, the trusted and secure digital asset exchange.

The Kraken OTC Team

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, or hold any digital asset or to engage in any specific trading strategy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your crypto assets and you should seek independent advice on your taxation position.