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OTC desk

OTC Desk Liquidity and Settlement
for Crypto Desks, Brokers and Exchanges

Dealer-priced FX, stablecoin and crypto trades from £250K for other OTC desks, brokers, exchanges and institutions. A dealer covers three sessions, Monday to Friday (UTC): Singapore 00:00–09:00, London 07:00–19:00 and New York 13:00–22:00. Firm-price execution: once you accept a quote there is no slippage. You prefund before you accept, and settlement is usually same day.

£250K
Minimum ticket
Same day
Settlement, usually
00:00–22:00 UTC
Desk hours, Mon–Fri
From 8 bps
Spread inside £5M · tier-dependent
For OTC desks, brokers and exchanges

What KwiikPay gives other desks

A second source of liquidity for the trades you don't fill yourself, and one counterparty for the fiat and stablecoin legs.

Liquidity

FX, stablecoins and crypto

Dealer-priced quotes in G10 and emerging-market FX, USDC, USDT and EURC, and major crypto assets including BTC and ETH. The desk confirms the current list of pairs when you onboard.

Settlement

Prefunded, usually same day

Fiat and stablecoin sides are in your KwiikPay account before you accept a price; for BTC and ETH the desk confirms delivery before you trade. We then deliver the other side. Fiat moves through your KwiikPay business account; stablecoins move on Ethereum, BSC and Tron.

Coverage

A dealer, not a screen

Quotes by voice, chat or email across three sessions, Monday to Friday. You get a firm price, and once you accept there is no slippage.

OTC desk

OTC Desk Solutions with Dedicated Dealer Support

For tickets of £250k and above. Bilateral pricing across G10 and EM FX, stablecoins and major crypto assets. Voice + chat desk coverage across Singapore, London and New York, Monday to Friday — verified counterparties only.

Example quote · GBP/USD · 5MIllustrative, not live
Bid
1.3364
You sell GBP
Offer
1.3374
You buy GBP
Spread
from 8 bps
Settlement
Usually same day
Min ticket
£250k+
Desk coverage
Singapore
00:00 – 09:00 UTC
London
07:00 – 19:00 UTC
New York
13:00 – 22:00 UTC
Voice
+44 20 8050 3393
Chat
Bloomberg · Telegram
Email
otc@kwiikpay.io
How a trade works

From quote to settlement

01

Fund your side

Have fiat or stablecoins in your KwiikPay account before you ask for a price. For BTC and ETH, the desk confirms how your side is delivered.

02

Ask for a quote

Call, chat or email the dealer in desk hours with the pair, the size and the side.

03

Accept the firm price

One firm price for the full size, from 8 bps inside £5M. Once you accept there is no slippage.

04

Settle

We deliver the other side. Settlement is usually same day.

Large crypto blocks

Best OTC trading options for large crypto blocks

The best option for a large crypto block depends on size and on how you want to be quoted. An OTC desk gives one firm price for the whole block. On an exchange order book, a large order can move the price. An RFQ platform asks several providers to quote. KwiikPay's desk starts at £250K.

OTC deskExchange order bookRFQ platform
How you tradeYou ask a dealer for a price on the pair and size, then accept or passYou place orders into a public book that matches buyers and sellersYou send a request for quote through the platform, and liquidity providers respond
Price for a large blockOne firm price for the full sizeThe average of many fills as the order works through the book. A large order can move the priceQuotes from the providers that respond. Check whether each quote is firm, and for how long
Who you trade withOne desk, bilaterallyThe exchange’s market, mostly anonymous counterpartiesThe providers connected to the platform
VisibilityOff the public bookOrders and trades show on the book and the trade feedDepends on the platform. Ask how requests are shared
Best forBlock-size trades where price certainty mattersSmall and mid-sized ordersFirms that want to compare several quotes
Main riskCounterparty and settlement risk with one firm. The desk quotes in its own desk hoursSlippage and venue riskPlatform and counterparty risk. Coverage differs by platform

Last checked: 26 October 2026. This compares types of venue in general terms. Individual desks, exchanges and platforms differ, so check each one’s own terms.

How KwiikPay’s desk fits. KwiikPay runs an OTC desk for FX, stablecoins and major crypto assets including BTC and ETH. The desk confirms the current list when you onboard. Trades start at £250K and are priced from 8 bps. Settlement is prefunded: your side is in your KwiikPay account before you accept a price, and KwiikPay extends no credit. You get quotes by voice, chat and email, not on a screen, and settlement is usually same day. Desks, brokers and exchanges join at the Enhanced or Institutional tier, as onboarding explains. For more on block trading, read how a crypto OTC desk works or how to choose a crypto liquidity provider.

Compliance

Onboarding for desks, brokers and exchanges

Desks, brokers, exchanges and funds join at the Enhanced or Institutional tier, after KYB and enhanced due diligence. Send audited financials, your AML programme and your regulatory status, and expect a counterparty review.

Indicative figures. Limits are set per account against your profile and are confirmed at onboarding — the bands below show how they scale, not a published entitlement. Turnaround times are typical once a complete file is received; they depend on your structure, your jurisdiction and the diligence required, and complex ownership or an enhanced due diligence case takes longer. Eligibility comes first — see who we can serve.

Most onboarded
TIER 3
Enhanced
Monthly cap
£20M
Per tx
£2M
Audited financials
AML programme
Sanctions attestation
Onboarding
3 business days
Fintechs, brokers, marketplaces
TIER 4
Institutional
Monthly cap
Unlimited
Per tx
Bespoke
Regulatory licence
Counterparty review
Bilateral docs
Onboarding
5–10 business days
Regulated funds and OTC desks. Access for other financial institutions needs approval
Counterparty

Who you are trading with

Contracting entity
KWP Finance Limited, trading as KwiikPay
Registrations
Payment Service Provider under the Retail Payment Activities Act (Bank of Canada) and Money Services Business with FINTRAC, including dealing in virtual currency (MSB C100000942). Registrations, not licences. Not authorised by the FCA.
Your fiat
Held in named accounts in your company's name with regulated partner institutions, apart from KwiikPay's own money. KwiikPay is not a bank.
Settlement
Prefunded. Fiat and stablecoin sides are in your KwiikPay account before you accept a price; for BTC and ETH the desk confirms delivery before you trade.
Stablecoin networks
USDC and EURC on Ethereum; USDT on Ethereum, BSC and Tron.
Desk hours (UTC)
Singapore 00:00–09:00 · London 07:00–19:00 · New York 13:00–22:00, Monday to Friday
Network

Stablecoin settlement, on a vetted network

KwiikPay is a member of the Circle Payments Network — USDC and EURC settlement between vetted institutions. Read what CPN is and what membership means.

Questions

OTC desk FAQs

Yes. OTC desks, brokers, exchanges and other financial firms can trade with the desk once onboarded. Firms of this kind join at the Enhanced or Institutional tier, after KYB and enhanced due diligence. Access for some financial institutions needs approval, and eligibility comes first.

FX in G10 and emerging-market currencies, the stablecoins USDC, USDT and EURC, and major crypto assets including BTC and ETH. The desk confirms the current list of assets and pairs when you onboard.

Settlement is prefunded. For fiat and stablecoins, your side must be in your KwiikPay account before you accept a price; for BTC and ETH, the desk confirms how your side is delivered before you trade. We then deliver the other side. Settlement is usually same day. Stablecoins move on the networks we support directly: USDC and EURC on Ethereum, and USDT on Ethereum, BSC and Tron.

Spreads start from 8 bps on trades inside £5M and depend on your tier. You see a firm price before you accept, and once you accept there is no slippage. Your tier is set at onboarding, and every trade is quoted as one firm price before you accept.

£250K per trade. Smaller conversions run through the standard FX in your KwiikPay business account.

By voice, chat or email with the dealer during desk hours: Singapore 00:00–09:00, London 07:00–19:00 and New York 13:00–22:00 (UTC, Monday to Friday).

KwiikPay is a trading name of KWP Finance Limited, registered in Canada as a Payment Service Provider under the Retail Payment Activities Act (supervised by the Bank of Canada) and as a Money Services Business with FINTRAC, including dealing in virtual currency. These are registrations, not licences. KwiikPay is not authorised by the FCA and is not a bank.
Further reading

Trading and settling at size

Institutional

How a crypto OTC desk works

A crypto OTC desk gives institutions one firm price for a block trade, off the order book. How RFQ works, settlement, risks, licensing and what to ask a desk.

Read the guide → Institutional

How to choose a crypto liquidity provider

What a crypto liquidity provider is, the four types, what each must supply, and an 8-point checklist for OTC desks, brokers and exchanges choosing one.

Read the guide → Stablecoins

USDT vs USDC: what's the difference, and which should a business use?

USDT vs USDC compared: issuers, reserves, transparency, regulation including MiCA, liquidity and networks, and which dollar stablecoin suits a business.

Read the guide → Stablecoins

Are stablecoins safe? Risks, safeguards and regulation

Are stablecoins safe? The real risks (de-pegging, reserves, technology), what makes one safer, and how MiCA and the Bank of England's proposed rules respond.

Read the guide →

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