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
Convenience in a personalized group chat, for support and concerns
Prime Manager to assist users in their trading needs
Ability to trade a large volume in a single transaction, with a single quote
Broader range of digital assets offered
Treasury OTC available only to PDAX Prime clients.
Standard Hours: Monday to Friday (excluding holidays) 9:00 AM - 4:00 PM Philippine Standard Time (UTC+8:00) – T+1 Settlement.
Off-Market Hours: Monday to Friday (excluding holidays) 4:00 PM – 9:00 PM Philippine Standard Time (UTC+8:00) – T+2 Settlement.
OTC Trading Desk
A designated chat group is the primary method of communication for OTC trades.
PHP 1,000,000 (USD 20,000) or equivalent for PDAX exchanged-enabled digital assets (listed on the PDAX web and mobile exchange).
PHP 250,000 (USD 5,000) or equivalent for OTC-exclusive digital assets.
You should pre-fund your PDAX account prior to trading.
Trade Process Flow
1. Client submits a request to purchase or sell a specified digital asset in the chat group.
2. PDAX provides a quote on the specified pair.
3. Client accepts the quote within one minute.
4. If Client accepts, PDAX sends a trade confirmation email containing trade details.
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.
PDAX will send a trade confirmation email containing trade details to your preferred email address. Emails will only come from email@example.com
For trades made during Standard hours (9:00 AM to 4:00 PM), settlement will be completed in one (1) banking day (T+1).
For trades made during Off-Market hours (4:00 PM to 9:00 PM), settlement will be completed in two (2) banking days (T+2).
PDAX will send a trade confirmation email containing trade details to your preferred email address. Trade confirmation emails will only come from firstname.lastname@example.org.
Viewing of Balances
Balances may be viewed on the PDAX website (web.pdax.ph) and mobile app.
Crypto-in / Crypto-out
Crypto-in and Crypto-out can be exclusively done through the PDAX mobile app.
Terms and Conditions
The PDAX Terms and Conditions and all rules and policies incorporated therein by reference (pdax.ph/legal), shall govern your relationship with PDAX when creating, accessing, and using your PDAX Account through Treasury OTC.