Trading

How can I make a trade?

Once our KYC/AML checks are passed, you can either make trades via our web portal or API, with our Telegram bot or become a user of one of the third-party software solutions we use. It is free of charge.

• Native FinchTrade GUI - streaming RFQ (Request for Quote)

• Native FinchTrade API - streaming RFQ (REST, WS)

• Finery Markets - streaming firm (REST, WS, FIX, web GUI)

• FinchTrade Bot on Telegram - RFQ

What is your work schedule?

24/7. You may access digital assets and crypto liquidity around the clock.

Do you have a voice desk? Can I trade via Telegram?

No, we focus solely on low-touch interaction with our trading parties.

However, for those who prefer Telegram, we have developed a trading chatbot - try the test bot right now!

How competitive are your prices?

If you would like to compare our spreads of selected trading pairs with centralised crypto exchanges, please visit FM Pulse.

What is firm and non-firm liquidity?

On Finery Markets, FinchTrade provides only firm liquidity. It means that once your aggressive order hits our passive order, they are matched without any delay or optionality. In contrast to firm liquidity, there is last look liquidity (Wikipedia).

When you trade on the FinchTrade web portal or through the FinchTrade API, we apply a last look (the right to reject your order) to better manage our treasury and risk. Consequently, we can provide you with better spreads.

Are there any fees?

No trading fees, no hidden costs. Get the price you see.

However, you are in charge of your settlement costs, such as a network fee or a commission, that your bank may charge you.

How do you make money?

We do not charge setup or settlement fees. Our margin is derived from the bid/ask spread. When you use our RFQ service, there is no price slippage. The price quoted is the price you pay with no extra hidden costs.

Where do you derive your liquidity from?

We are connected to both centralised exchanges and OTC desks and are constantly adding new integrations. This enables us to offer deeper liquidity and tighter spreads. You may learn more about our liquidity aggregation model here.

Do I need to integrate with other liquidity providers to benefit from deeper liquidity?

As we are already connected to a number of liquidity sources (both crypto exchanges and OTC LPs), you will benefit from considerable aggregated liquidity via a single connection to FinchTrade, which is more than enough for most clients’ needs.

How can you offer such good rates compared to other OTCs and exchanges?

We do 'high volume - low margin' business. We only serve larger clients and institutions in volume, which brings costs down due to economies of scale. We benefit from our trading volume and get better fee tiers on centralised crypto exchanges. Besides, we are keen on automation and have streamlined API-driven processes.

Do you enable overnight positions?

By default, we prefer T+0 settlement. However, we are pretty flexible, and our trading system allows convenient tracking of net open positions. Ask for further details.

Do you just give us a single price? Or do you have an order book?

FinchTrade's GUI and API offer RFQ with a single final price for a specified trade volume. On Finery Markets, FinchTrade quotes several levels, i.e., an order book, where you will need to calculate the weighted average price yourself.

Is there a minimum trade (ticket) amount?

No, there is factually not. Although OTC trading is usually associated with big trades, you can do a trade of $10 or equivalent.

Is there a minimum settlement amount?

Yes, different minimum settlement amounts depend on the asset. In a time of market volatility and higher network fees, the minimum settlement amount for blockchain-based assets is higher and may vary from $1 000 to $25 000.

What assets/pairs do you have?

Currently, we quote 20+ coins and 50+ pairs (and counting). However, we are connected to major exchanges and can easily add more instruments upon request.

Which stablecoins do you support?

Most of our clients need USDT (ERC20, Polygon, TRC20) and USDC (ERC20, Solana). If you need DAI or another stablecoin, please feel free to contact us.

Are there any cryptocurrencies that you cannot support?

We trade neither anonymous coins nor coins with privacy features, as they exceed our risk appetite and contradict our Coin Risk Assessment Policy.