Frequently Asked Questions about OTC Trading

1. What is OTC trading and what are its benefits?

Over-the-counter (OTC) trading refers to the process of trading between two counterparties directly, as opposed to using a centralized exchange. On the DWF Liquid Markets platform, the two counterparties are the user who requests the trade and the DWF OTC Liquidity Providers.

With OTC trading, prices are agreed between the two counterparties and trade takes place off-exchange. OTC trading is often favoured for larger trade sizes as it is more private and can avoid slippage on the exchange without having to navigate the exchange order book liquidity.

1. What are the benefits of using DWF Liquid Markets, and how do I get started?

DWF Liquid Markets is a simple trading platform for you to buy or sell cryptocurrencies without having to place orders on a complex trading interface and with no execution waiting time. You can send OTC quote requests 24/7/365 with live pricing based on current market conditions with zero fees.

You can start by signing up and exploring the platform risk-free, even before funding your wallet or completing KYC verification. Check out our competitive price quotes and when you’re ready to make a trade, simply complete the verification steps to officially onboard.

If interested, you can also reach out to our customer support team to ask for trading credit.

1. Are there any trading fees?

There are no fees for OTC trading. Live prices are quoted based on the current market conditions. When you confirm the quoted price shown on the trade, upon execution, the quoted price is the actual trading price of the order.

1. Why is the quoted price different from the market price?

The market price does not include trading fees or factor in the size of your trade. DWF Liquid Markets quant AI-based trading program dynamically quotes competitive prices (with no hidden fees) based on market conditions at the time of the quote. The system will lock the quoted price for five seconds for you to review before executing the trade.

1. What are the minimum and maximum trade sizes?

DWF Liquid Markets has a wide range of supported trade sizes. Normally we support trade sizes starting from $100 USD equivalent, some pairs can support up to $500,000 USD equivalent.

You can find the details of each pair's minimum trade size on your trading panel when you input the order quantity. The minimum quantity will be shown in red.

Additionally, if your order exceeds the maximum trade size, you will see a rejection message: “Invalid quantity: xxx, must be xxx or less.”

1. How are OTC trades settled and how long does it take?

Trades are settled directly on your DWF Liquid Markets account wallet when you confirm the trade. Typically, settlement takes place immediately after your trade.

1. What trading pairs and assets does DWF Liquid Markets support?

We currently support 68 crypto tokens, with USDT and USDC stablecoin pairs. We will add more tokens as we grow, especially supporting the ones most requested by Liquid Markets users.

1. Is DWF Liquid Markets OTC Trading available via API?

Yes, we support OTC trading via API. Please contact our customer support team by emailing [e-mail] for more details.

1. How does DWF Liquid Markets Trading credit work?

We can provide trading credit to clients who need post-settlement support. The credit size determined will be based on the client's industrial reputation and credibility, as well as other requirements. Trading credits will be handled case-by-case. Please reach out to the customer support team if you are interested.

1. How can I contact the DWF Liquid Markets support team?

You can contact the customer support team via email [e-mail], or send a message via Telegram to @DWFLiquidMarkets.