Ndax Wealth: over-the-counter crypto trading in Canada

Digital assets are increasingly used by a wider range of market participants beyond early adopters. Today, some institutions and businesses use crypto for treasury management and portfolio strategies, although approaches vary widely by mandate and jurisdiction. But when it comes to moving large amounts of crypto, the public exchange model may not always meet the needs of larger transactions.

Over-the-counter crypto trading is a peer-to-peer way to execute larger transactions outside the public order book, which may reduce visible market impact and affect slippage, depending on market conditions. Ndax Wealth offers an OTC desk designed for larger transactions and business or institutional workflows.
 

Over-the-counter crypto trading involves negotiated transactions conducted outside a public order book. It’s commonly used for larger trades where participants want discretion and quoted pricing compared with executing through a public order book. It may provide a different level of discretion depending on the transaction structure.

OTC trading is commonly used by institutional investors, businesses, and high-net-worth individuals.

If you’re trading $25,000 CAD or more, executing through a public order book can increase slippage risk and make the order visible to the market.
OTC trading is one approach used to address these considerations, offering:

• Quoted pricing for a short time window, which may affect slippage and pricing outcomes for larger transactions.
• Dedicated support from an Ndax account representative.
• Trade execution outside the public order book, depending on the transaction.

Ndax offers a regulated OTC desk for larger transactions, with dedicated support and execution outside the public order book.
 

Starting with Ndax’s OTC desk follows a structured process:

1. Book a consultation 
   Visit Ndax’s OTC info page or book a consultation here.
2. Fund your account
   Choose your preferred funding method:
   • Interac e-Transfer for CAD or wire transfer for CAD or USD.
   • Crypto deposits from external wallets
     Our team supports onboarding based on Ndax processes and requirements.
3. Submit trade details 
   Email Ndax from your registered address linked to your Ndax account and include:
   • The cryptocurrency you want to trade.
   • The trade size
4. Receive a locked-in quote 
   An OTC specialist will respond with a quoted price that is valid for a short time window, depending on market conditions.
5. Confirm and execute 
   Once you approve the quote, the trade is executed based on the agreed terms, with execution outside the public order book.
    

Ndax’s OTC desk is designed for clients who need execution, discretion, and dedicated support:

• Retail clients executing trades of $25,000 CAD or more.
• Businesses using or holding crypto for treasury or payments.
• Institutional investors managing portfolio exposure or crypto operations.
   

When choosing an OTC provider, factors such as infrastructure, support, and regulatory status may be relevant. Ndax offers:

1. Regulatory status: Ndax is registered as an Investment Dealer in Canada and is a member of the Canadian Investment Regulatory Organization and the Canadian Investor Protection Fund. CIPF coverage does not apply to crypto assets.
2. Dedicated support: Receive a dedicated point of contact for onboarding and execution support.
3. Multi-currency trading: Trade in CAD, USD, or USDC, with fees and pricing disclosed upfront.
4. Execution outside the public order book: Ndax executes OTC trades outside the public order book, which may reduce visible market impact for larger transactions.
    

At Ndax Wealth, we understand that timing and execution may be important for larger transactions. That’s why our OTC desk is designed for larger transactions with dedicated support from a Canadian team operating within Canadian regulatory requirements.

You can learn more or request a consultation here.