The OTC feature in the Crypto.com Exchange allows clients to trade now and settle later, execute multiple block trades before net settlement — all with zero-fees and deeper liquidity.

This bespoke service caters to the needs of OTC desks, banks, payment gateways, fund managers, high net worth individuals, and VIPs.

Institutional and VIP users are eligible for OTC Settle Later With Net Settlement.* Please contact [email protected] for more details.

*Jurisdiction restrictions apply. OTC is not available for retail VIPs from the USA and its territories.

OTC Settle Later With Net Settlement is currently available via Voice Trade with our OTC desk.

You can find the list of trading pairs here. If you are a US institutional user, you can browse the pairs here.

Settle Later trades are executed through a dedicated Settle Later account. Please contact [email protected] to set one up.

Once your Settle Later account is set up, you can fund it by tapping the Transfer button from your Master Account to transfer the exact amount to be settled into the “Settle Later” account.

Important: You must fund your Settle Later account with the net settlement amount before the designated settlement time. Failing to do so may result in late settlement charges.

Your Settle Later account can only be used for OTC Settle Later trades. You cannot execute a Settle Instantly OTC trade or access any other Crypto.com Exchange feature with this account.

The settlement time is 08:00 UTC daily (excluding weekends and holidays), and:

Weekends are Saturdays and Sundays. Holidays refer to recognized public holidays based on the client’s country of incorporation for institutional clients, and the country of the phone number for VIP clients.

OTC Settle Later With Net Settlement implements net settlement as opposed to trade-by-trade settlement. Net Settlement can significantly reduce operational complexity and improve capital efficiency.

Let’s use the following example to illustrate how net settlement works:

A crypto fund trades multiple pairs throughout the day, with the daily cutoff for trade capture set at 08:00 UTC. Settlement occurs at T+1, which also takes place at 08:00 UTC.

Trades:

All these trades fall under the same settlement period (08:00 UTC cutoff).

Without Netting:

The fund would settle each trade individually by 08:00 UTC the next day:

With Netting:

By the settlement time, the fund would only need to provide USD funding in their Settle Later account, and they will receive the BTC and ETH.

Each client is granted a Settle Later Limit and a Loss Limit during the onboarding process.

The used Settle Later Limit is calculated based on your non-stablecoin exposure. If your used Settle Later Limit is greater than the granted Settle Later Limit, you will not be able to execute any further trades involving non-stablecoins unless you initiate an early settlement and/or post additional collateral upon agreement with the OTC desk.

The granted Loss Limit is denominated as a USD-CREDIT instrument in your Settle Later account. Your used Loss Limit is calculated by any unrealised loss you have accrued in the account, plus the potential loss upon settlement.

If your used Loss Limit is greater than the granted Loss Limit, you will not be able to execute any further trades unless you initiate an early settlement and/or post additional collateral upon agreement with the OTC desk.

Both the Settle Later Limit and Loss Limit are updated every time after outstanding trades are fully settled in the account.

OTC Settle Later trades are monitored for risk. If you breach any of our risk parameters, the OTC desk will issue a warning before taking any further action.