Settlement
Crypto OTC desk: OTC crypto trading for institutions
OTC means you convert a large amount of crypto in one transaction with one provider, at one live rate for the whole amount. XEROF is a Swiss regulated crypto brokerage in Zug: you convert any size in XEROF Online at the live rate, the fee is shown separately, and the money is paid to your own bank account.
What an OTC desk gives you that an exchange does not
An exchange prices the next small trade. An OTC desk prices your whole amount. The difference matters most for large amounts, where the average price on an exchange can end up well away from the price on the screen.
A quote, not an exchange
You are shown one firm price for the whole size before you commit, instead of selling piece by piece on an exchange and finding out the average price afterwards.
Size without slippage
The quote covers the full amount, so a large trade does not move the price against you the way the same order would on a public venue.
A known provider
Every trade faces FE Swiss Financial AG, a Swiss financial intermediary under the Anti-Money Laundering Act, supervised through VQF membership No. 100954.
Settlement into your own account
The money is paid to a bank account in your own name by Fedwire, SWIFT, SEPA, CHAPS or Faster Payments. Crypto goes to the wallet XEROF opens in your name, or to an address you in your own name wallet.
How OTC conversion works at XEROF
Four steps from onboarding to settled funds.
- 1
Onboard once
Complete onboarding as a company or an individual. Trade sizes and terms are agreed at this point and confirmed in writing.
- 2
See the rate for your size
In XEROF Online, enter the asset, the direction and the amount. The live rate covers the entire size, with the market rate and the XEROF fee on separate lines.
- 3
Confirm
The rate you confirm is the rate you get. There is no spread added to the rate and no mark-up hidden inside it.
- 4
Settle
Money goes to your own bank account, or crypto goes to the wallet in your name or an address you specify.
What is OTC in cryptocurrency?
OTC (over the counter) crypto trading means buying or selling a cryptoasset directly with one provider instead of on an exchange. The price for the whole amount is known before you confirm, so a large trade does not move the market against you.
At XEROF that provider is FE Swiss Financial AG, a Swiss regulated crypto brokerage and member of VQF (No. 100954), a self-regulatory organisation recognised by FINMA. XEROF is a brokerage and settlement provider with no exchange, and has served digital-asset clients since 2021.
Where the price comes from
The price for a large trade comes from the professional market makers XEROF works with. XEROF passes that market rate on at cost, and you run the conversion yourself in XEROF Online.
- Assets: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDT and USDC, converted against USD, EUR, GBP or CHF.
- Rate: the live market rate, passed on at cost, with the XEROF fee shown on its own line.
- Execution: you convert OTC-size amounts yourself in XEROF Online, and the rate covers the whole amount.
- How the money arrives: Fedwire, RTP, ACH or SWIFT for USD; SEPA or SWIFT for EUR; Faster Payments, CHAPS or SWIFT for GBP; SWIFT for CHF.
- Where it goes: money to a bank account in your own name, crypto to a wallet in your own name, used only for you.
- Paying someone else: funded only with USDT or USDC on the Ethereum network, paid to bank accounts in 59 countries.
See the published fee tiers and how stablecoin payouts reach third parties.
Where OTC conversion fits
XEROF Online is the execution layer behind settlement. Once a trade is done, proceeds can be paid out as invoices in normal currency, held in a wallet in your own name, or received on a dedicated IBAN in your own name. If you simply want to turn crypto into cash, the cash-out guide walks through it, and fees follow the published tiers on the pricing page.
Common questions
- What is a crypto OTC desk?
- An over-the-counter desk trades directly with you rather than putting your order on an exchange. You are quoted one price for the full size and settle bilaterally with your provider.
- How is an OTC desk different from a crypto exchange?
- On an exchange your order is filled piece by piece against other people's orders, so a large trade fills at progressively worse prices. An OTC desk prices the whole amount up front, so the rate is known before you commit.
- Why use an OTC desk instead of an exchange?
- For size, for price certainty, and for a regulated provider that pays into a bank account in your own name rather than leaving the balance on a trading venue.
- What trade size does XEROF handle?
- Trade sizes are agreed at onboarding and confirmed in writing; conversions are then made in XEROF Online at the live market rate.
- Which assets can I convert with XEROF?
- Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), plus the stablecoins USDC and USDT, against USD, EUR, CHF and GBP.
- How is XEROF paid?
- Liquidity is passed through at cost and the XEROF fee is applied separately on the execution price, so the confirmation shows the rate, the fee and the net amount.
- Does XEROF hold my assets?
- Your crypto sits in a wallet in your own name until you trade. It is never mixed with other clients' assets, lent out or reused.
- How do I execute an OTC trade with XEROF?
- In XEROF Online, at the live rate shown at the moment you confirm. The confirmation shows the rate, the fee and the net amount.
- What is OTC in cryptocurrency?
- OTC (over the counter) means a cryptoasset is bought or sold directly with one provider instead of on an exchange. The price for the whole amount is known before you confirm, which is why OTC is used for large trades.
- Where does XEROF's institutional crypto liquidity come from?
- From the professional market makers XEROF works with. The live rate is passed on at cost and you convert in XEROF Online, with the XEROF fee shown on its own line.
- Can I pay a supplier directly from an OTC trade?
- Payments to a third party are funded only with USDT or USDC on the Ethereum network. If you hold BTC, ETH or SOL, convert to USDT or USDC first, then send the payout. Fiat from a BTC, ETH or SOL conversion goes to your own account.
Convert large amounts with a Swiss regulated crypto brokerage. Open an account online and agree your terms at onboarding.