lumora

How OTC
trading works

An OTC trade begins with an enquiry. We confirm eligibility, complete onboarding and agree the trade terms before proceeding.

01

Describe your proposed trade

Tell us what you want to buy or sell and any requirements the transaction needs to meet.

  • Specify the asset and whether you want to buy or sell.
  • Share the approximate size and desired timing.
  • Mention any funding, currency or settlement requirements.
02

Complete client checks

Our team confirms whether we can support the client and proposed transaction before progressing.

  • Confirm your location and whether you are acting personally or for an entity.
  • Use the approved channel for identity and business documents.
  • Clarify who is authorised to accept a quote.
03

Review and accept the quote

Confirm the quoted terms, including the total amount you will pay or receive and how the transaction will settle.

  • Confirm the asset, quantity and price.
  • Check fees, quote expiry and any funding deadline.
  • Agree how each side of the transaction will settle.
04

Complete settlement

After accepting a quote, follow the agreed instructions. Banking and network dependencies can affect timing.

  • Verify the bank beneficiary or wallet and blockchain network.
  • Check the amount, reference and deadline before sending.
  • Retain the trade confirmation and settlement records.

An enquiry does not lock a price

Quotes expire. Confirm that a quote is still valid before accepting or transferring funds.

Enquire about
an OTC trade

Tell us what you want to buy or sell, the amount and your preferred timing.

Prepare an enquiry
OTC enquiry
LUMORA

Find an OTC answer

Search our FAQs or prepare an enquiry for the team. This is a guide to published information.

What is crypto OTC trading?

OTC means over-the-counter. Instead of placing an order on a public exchange order book, you discuss a trade directly with a desk and agree its price, size and settlement terms.

What is Lumora launching with?

Lumora is launching with crypto OTC trading through a dedicated desk. You can discuss a proposed buy or sell with our team, complete onboarding and agree the quoted terms before proceeding.

Which assets and currencies can I trade?

Ask the desk to confirm the asset, trading pair, settlement currency and network for your proposed trade. Availability should be confirmed before you transfer funds or digital assets.

Is there a minimum trade size?

Contact the desk for the minimum that applies to your proposed asset and settlement currency. Confirm the requirement before progressing with the trade.

How is an OTC price agreed?

A quote sets out the proposed trade terms. Before accepting, confirm the amount you will pay or receive, any fees, the expiry of the quote and the settlement arrangements. An enquiry is not a trade instruction.

What do I need to get started?

Start with the asset, whether you want to buy or sell, the approximate size and your preferred timing. The desk can then explain eligibility, verification and the information needed for onboarding.

How long does settlement take?

Settlement depends on the trade terms, funding method, banking hours and the blockchain network involved. Confirm the timing and any dependencies with the desk before accepting a quote.

Can a business enquire?

Yes. A business can begin by describing its proposed trade and who is authorised to act for it. The desk will need to confirm whether the business and transaction are eligible before onboarding.

Is a website enquiry a confirmed trade?

No. Preparing or sending an enquiry does not place an order, lock a price or create an executable quote. A trade requires separately agreed terms and an accepted quote.

What should I check before transferring funds?

Confirm the instructions through a trusted Lumora channel. Check the beneficiary or wallet address, blockchain network, amount, reference and settlement deadline. Pause if any instruction changes unexpectedly.

Prepare an enquiryRead the guides