BTC Markets

BTC Markets is an Australian digital asset exchange operating since 2013. Alongside retail trading, the website offers an OTC desk, SMSF accounts, an API and a programme for high-volume clients.

Exchange

Listed assets include BTC, ETH, XRP, SOL, LTC and USDT. The operating entity is BTC Markets Pty Ltd, with ACN 164 093 887. The company states AR 1297122 of BTCM Payments Limited under AFSL 525840. API documentation is published at docs.btcmarkets.net.

OTC desk

The OTC desk gives personal execution of block trades at a single quoted price. The company states that there is no separate OTC trading fee, with a spread often between 0.75% and 1.0% depending on asset, size and market. The minimum is AUD 100,000 equivalent and there is no maximum. Settlement goes straight to the client's account on the exchange and is usually immediate, on a T+0 basis.

Client requirements

OTC clients need a verified account. Current onboarding is for Australian residents aged 18 and over with government ID, and account types include individual, SMSF, company and family trust.

Who it suits

The offer fits Australian investors, self-managed super funds and companies that trade large blocks.