XEROF

Settlement

Crypto OTC desk: OTC crypto trading for institutions

An over-the-counter desk quotes one firm price for your whole size, rather than filling your order against a public book. This is how the XEROF desk prices, executes and settles.

What an OTC desk gives you that an exchange does not

An order book is priced for the next small trade. An OTC desk is priced for yours. The difference matters most at size, where the average fill on a public venue can drift well away from the screen price.

A quote, not an order book

You are shown one firm price for the whole size before you commit, instead of walking an order book and discovering 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 counterparty

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

Fiat settles to a bank account in your own name over Fedwire, SWIFT, SEPA, CHAPS or Faster Payments. Cryptoassets settle to your segregated wallet.

How OTC conversion works at XEROF

Four steps from onboarding to settled funds.

  1. 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. 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 liquidity rate and the XEROF fee on separate lines.

  3. 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. 4

    Settle

    Fiat leaves to your own bank account, or cryptoassets settle to your segregated wallet or an address you specify.

What is OTC in cryptocurrency?

OTC (over the counter) crypto trading means buying or selling a cryptoasset directly with a counterparty instead of on a public order book. The price for the whole amount is known before you confirm, so a large trade does not move the market against you.

At XEROF the counterparty is FE Swiss Financial AG, a Swiss-regulated Virtual Asset Service Provider and member of VQF (No. 100954), a self-regulatory organisation recognised by FINMA. XEROF is a brokerage and settlement counterparty with no order book, and has served digital-asset clients since 2021.

Institutional crypto liquidity for OTC trades

Institutional crypto liquidity is the depth a counterparty draws on to fill a large trade at one rate. At XEROF that is tier 1 liquidity, passed through 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 rate from tier 1 liquidity, passed through 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.
  • Fiat rails: Fedwire, RTP, ACH or SWIFT for USD; SEPA or SWIFT for EUR; Faster Payments, CHAPS or SWIFT for GBP; SWIFT for CHF.
  • Settlement: fiat to a bank account in your own name, cryptoassets to your segregated wallet, one on-chain wallet per client, never pooled.
  • Paying a third party: funded only with USDT or USDC on Ethereum (ERC-20), sent as a payout to 60 corridors 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 fiat invoices, held in segregated custody, 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 matching your order on a public exchange. You are quoted one price for the full size and settle bilaterally with the desk.
How is an OTC desk different from a crypto exchange?
On an exchange your order consumes the order book, 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 counterparty that settles 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 executed in XEROF Online against tier 1 institutional liquidity.
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?
Assets sit in one segregated on-chain wallet per client until you trade. Nothing is pooled, lent out or rehypothecated.
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 a counterparty instead of on a public order book. 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 tier 1 liquidity. The live rate is passed through 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 Ethereum (ERC-20). 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.

Trade at size with a Swiss regulated counterparty. Open an account online and agree your terms at onboarding.

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