Kraken Announces New OTC Electronic Request for Quote Dashboard

Kraken

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The Kraken OTC Desk has been working hard to further improve our already industry-leading white-glove service.

In the past two months we acquired Circle Trade, one of the oldest and most recognized OTC desks in the industry, and Bit Trade, the first crypto OTC desk in Australia.

All of this has bolstered our services and capabilities by providing:

- New trading partners around the world
- Deeper liquidity and tighter spreads across all supported assets


At the time of these announcements, we hinted at upcoming automation and advanced tools for traders designed to streamline the trade process from quote to settlement.

After all, we’re always looking for ways to make our services simpler and more intuitive, while living up to our reputation as one of the most secure and trusted industry service providers.


Introducing the Automated Request for Quote (RFQ) Platform

Starting February 13th at approximately 17:00 UTC, OTC clients will be able to use the first of these new tools, an automated Request For Quote (RFQ) Platform.

From now on, all of our OTC customers will be able to:

- Request quotes for both buy and sell orders directly from the platform for all of the fiat and crypto trading pairs that we currently offer on the desk
- Accept or decline quotes on the same screen
- See your entire transaction history in one simple dashboard

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