Automated OTC trading now available on Kraken Custody
Seamless institutional access to the digital asset class
Institutional clients can now safely store, manage, transfer and trade directly within Kraken Custody.* Our fully integrated experience enables institutions to execute quickly and scale strategies backed by Kraken Custody’s cutting-edge security protocols and policy enforcement.
Secure digital asset storage and automated OTC trading in a single interface
Kraken Custody provides secure digital asset storage along with direct market access via the Kraken OTC desk’s request-for-quote (RFQ) trading feature.** RFQ is a fully automated, self-service system that enables clients to execute OTC trades in seconds using the funds in their Kraken Custody vault.
RFQ is available to custody clients that have onboarded with the OTC desk. Kraken OTC clients also get 24/7/365 access to chat trading services for white-glove, personalized service. Learn more about Kraken OTC services.
As always, Kraken Custody clients are only one quick, secure transfer away from Kraken exchange for market-leading liquidity and institutional-grade products.
How automated trading on Kraken Custody works
RFQ gives clients 24/7/365 access to instant, large-lot pricing and execution. Trading OTC with RFQ is a fast and easy way to execute $100,000+ trades instantly.
Clients can tailor vault policies and user controls to suit their requirements. RFQ access, tradable assets and maximum trade amounts by vault can be customized as needed. Once RFQ is enabled and controls are set, the RFQ tab will appear for specified vault users.
Execute a trade in 3 simple steps:
- Select the pair you’d like a quote for and indicate whether it is a buy or a sell order.
- Input the asset quantity or USD amount to trade.
- Click “Get quote” to instantly receive an executable quote. Accept the quote to execute the order.
Access top-traded assets
Kraken Custody supports BTC, ETH and USDC (ERC-20) storage and automated OTC trading. Vault policies and user roles determine which digital assets can be traded over RFQ.
Digital assets are fully segregated and safeguarded by cutting-edge controls
We’re proud to offer Kraken Custody through Kraken Financial, a U.S.-based, state-chartered bank that holds clients’ digital assets separate from the Kraken exchange.
Kraken Financial offers a familiar structure for clients coming from traditional finance looking to enter the digital asset class, with the safety and security they expect from a regulated financial institution.
Existing institutional clients can reach out to their Account Manager to learn more about Kraken Custody and how to enable RFQ.
* Custody services provided by Kraken Financial, a Wyoming-chartered Special Purpose Depository Institution. Kraken Financial is not an FDIC-insured bank and deposits are neither insured by nor subject to the protections of the FDIC.
** OTC services provided by Kraken OTC. RFQ is only available to Kraken OTC clients. Existing institutional clients can reach out to their Account Manager to onboard with Kraken OTC.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, 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 cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here .
This communication is directed at investment professionals, high net worth companies and associations, and other relevant institutions to whom an invitation to engage in investment activity may lawfully be communicated. This communication is directed only at such persons and must not be acted on or relied on by other persons.
