XBTO

XBTO offers personal OTC execution of digital assets, either on an agency basis or at a risk quote. Trades are agreed through a manager and a dedicated Telegram channel, with fiat deposits and withdrawals in USD and EUR.

Services

The company lists OTC agency execution, principal or risk OTC, and a fiat on/off ramp. It is described as institutional OTC and API liquidity with fiat settlement, so it is aimed at larger clients rather than casual buyers.

Fees and minimums

The published charge is a minimum of USD 2,500 or the market spread, whichever is greater. XBTO states that there is no strict minimum, although transactions are typically large.

Settlement

According to the company, most trades complete within one hour, while a fiat off-ramp can take up to three business days, depending on the token and available liquidity.

Licensing

XBTO states that it is regulated by the Bermuda Monetary Authority. This is the company's own claim, and a counterparty that needs it for due diligence should request the licence details and the name of the serving entity.

Who it suits

Funds, corporate treasuries and other participants with sizeable orders who prefer a managed OTC process over an exchange book.