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By the numbers
Circle Trade FAQs
For large-sized tickets, OTC trading allows for deeper liquidity, smaller market impact and greater operational simplicity than exchange trading.
With Circle Trade, you’ll get a single quote for your order which you can instantly agree on — no uncertainty associated with price slippage, no need for exchange order book discovery. You’ll leverage our liquidity and trading expertise to confidently make trades in large volumes with a network of diverse counterparties and exchanges, all with a greater degree of privacy.
Plus, as a principal OTC trading desk, you’ll face Circle as the single counterparty for your trade, with a simple settlement process. Settlement takes place after every trade with no need for account prefunding, and unlike exchanges, there are no withdrawal limits.
We prioritize the security of our clients, and will first work with you throughout our know-your-customer (KYC) process. After you have been approved by our compliance team, a trading agreement is signed, and you will be set up in a private chat with our traders. You can then reach out to our traders at any time to request a quote, which you may accept, pass or counter with your target level. Once both sides agree to the terms, the trade is confirmed and legally binding. In addition to voice trading, we also offer RFQ trading on our API.
Circle trades BTC, ETH, BCH and a wide range of other digital assets, and supports crypto-fiat and crypto-crypto transactions.
Our minimum trading size is USD $100,000 and there is no cap on trade size.
We maintain trading desks in Boston, New York, London and Hong Kong, offering 24/7 trading coverage.
There are no trading fees or commissions added to the prices we quote. We make our quotes based primarily on the size of the order and our internal mid-market value. Secondary factors include market volatility, exchange order books and past counterparty settlement history.
You’ll receive an email confirmation with settlement instructions. Once you’ve replied acknowledging the terms are correct, you’ll send your cryptocurrency to the designated wallet or fiat cash amount via a bank wire. Then, we’ll confirm receipt and send you the agreed upon cash amount or coins. For fiat transactions, time to settlement is governed by the length of time it takes for the bank to process the wire transfer.
We understand that institutions, such as crypto or hedge funds, venture capital firms, endowments, family offices, etc., have unique trading needs. Our institutional product suite, which includes our OTC desk, crypto exchange and USDC stablecoin, is for you. Your full-service account team guides you from onboarding to feature updates to relevant research.Learn more
Investor-backed crypto pedigree
Circle was founded on blockchain technology in 2013 by internet entrepreneurs Jeremy Allaire and Sean Neville and is backed by $250 million from investors.