Treasury OTC Terms and Conditions

PDAX Over-the-Counter (OTC) Trading Desk

The PDAX Over-the-Counter Trading Desk allows Partner-level PDAX users to transact larger amounts of digital assets listed on the exchange, as to access OTC-exclusive digital assets that are not yet listed on the exchange.

Benefits of PDAX OTC

Digital Assets

Requirement

Treasury OTC available only to PDAX Prime clients.

Trading Hours

OTC Trading Desk

A designated chat group is the primary method of communication for OTC trades.

Fiat Currencies

Minimum Trade Size

Pre-Funding

You should pre-fund your PDAX account prior to trading.

Trade Process Flow

Quotes

Only a PDAX authorized trader can provide a quote via the chat group. PDAX is not obligated to provide a quote if you have insufficient available funds in your PDAX account for your requested trade size. If you accept the quote within one minute then a binding transaction is executed. Beyond one minute, the quote expires and you should request for a new quote. If PDAX determines that a quote contains an obvious error with respect to price or amount of cryptocurrency, then PDAX shall have the right to cancel the trade by notifying the Client within thirty minutes after Client's acceptance of quote.

Trade Confirmation

PDAX will send a trade confirmation email containing trade details to your preferred email address. Emails will only come from trade@pdax.ph

Settlement

Trade Confirmation

PDAX will send a trade confirmation email containing trade details to your preferred email address. Trade confirmation emails will only come from trade@pdax.ph.

Viewing of Balances

Balances may be viewed on the PDAX mobile app.

Crypto-in / Crypto-out

Crypto-in and Crypto-out can be exclusively done through the PDAX mobile app.
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