Australian Bitcoin OTC Desk — Mine Digital

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The Knowledge by Mine Digital

3 min readDec 4, 2020

In addition to being one of the fastest growing exchanges in the country, Mine runs the largest Australian Bitcoin OTC desk. This success has come down to a few factors that include; deep liquidity and responsiveness, and the fact that the executive team has traditional financial experience running large trading desks.

What this means in practice is that the desk has executional capabilities and administrative qualities that have seen Mine become the preferred destination for local institutional flow.

What is an OTC trade?

Over-the-counter (OTC) trading takes place off the open Mine Digital exchange. We offer deeper liquidity and a private, more personalized service to institutions and individuals needing to fill large orders that might be too disruptive if placed on open markets on exchange.

Whether you are trading blocks of $50,000 or $500,000 the OTC desk will provide you with execution and settlement services that are discreet, secure and ultra-competitive.

OTC trading is subject to AML/KYC and other requirements.
Client first service standard
Complete transparency, and documentation of individual transactions

Why is this method appealing?

Transacting OTC has a few unique benefits that generally suit larger transactions, as they avoid price slippage and generate any discernible volume on exchange.

In summary;

Lock in a set price (no slippage)
Provide no trading data on market
Deal with humans, rather than machines
Execute trades quickly

Chris Weston, head of research at Pepperstone wrote this last week and the wider institutional interest has been broadly spotlighted in the media this year.

“There’s no doubt crypto is becoming a mainstream product, allowing both retail and ever more so institutional accounts the ability to diversify and reduce portfolio variance.” Chris Weston, Pepperstone.