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OTC desk with ChainPal as counterparty

Large conversions, at a price that holds.

Ask ChainPal for a price and trade with us directly. Smaller trades are priced instantly and the quote is firm for 10 minutes. Larger trades are priced by a dealer and held for 30.

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Up to $250,000 a tradeBoth directionsFor verified businesses

TicketChainPal is the other side
You send42,000.00USDC
You receive64,711,920.00NGN
ChainPal’s price priced automatically 09:41 left

1,540.76

NGN per USDCFirm for 10 minutes

Nothing moves until you take a rate.

Your tradesWith ChainPal
  • OTC-7KQ2M9XDSell USDT for KESBeing priced
  • OTC-9VD4R7TEBuy USDC with GHSCounter sent
  • OTC-2BN6Y8QSSell USDC for ZARRate agreed
  • OTC-8RD2N5KJBuy USDT with NGNChecking your transfer
  • OTC-5TM1C4HWSell USDC for USDSettled
Per trade
$250,000
Per month
$1,000,000

Illustrative. Sample prices and trades for Harbourview Markets Ltd, a sample business. Not live rates.

How it works

Apply once. Ask for a price any time.

There is no order book and nobody else on the other side. You ask ChainPal, ChainPal names a price, and you decide.

  1. 1

    Apply for access

    The desk is open to verified businesses. Once your business is verified, apply for access and tell the desk how you plan to use it.

  2. 2

    Ask for a price

    Smaller trades come back priced instantly, firm for 10 minutes. Larger trades go to a dealer, firm for 30. Accept, counter or withdraw.

  3. 3

    Settle with proof

    Once a rate is agreed, you send your side with proof. The desk verifies it and pays out, and you confirm receipt to close the trade.

Features

A desk that trades with you, not around you.

One counterparty, a clock on every price and settlement you can follow step by step.

ChainPal is the counterparty

No order book and no third parties. The price you are shown is one ChainPal stands behind.

Instant quotes

Smaller trades are priced in seconds, and the quote is firm for 10 minutes.

A dealer for larger trades

Larger trades are priced by hand, and the quote is firm for 30 minutes.

Counter, accept or withdraw

Take the price, name your own, or walk away. Nothing moves until you take a rate.

Both directions

USDC and USDT against NGN, KES, GHS, ZAR and USD, buying or selling.

Built for size

Up to $250,000 per trade and $1M a month.

Settlement with proof

You send your side with a receipt, the desk verifies it and pays out, and you confirm it arrived.

For verified businesses

Access is by application, once your business has been verified.

On the desk

Every trade, from the first price to settled.

Each trade keeps every price that was named, who named it, and exactly whose move it is next.

ChainPal OTC deskOTC-3HP8W2LA Live

Sell 42,000.00 USDC for NGN Send your side

Asked today at 10:02 · ChainPal is the other side

Copy reference
  1. Asked
  2. Priced
  3. Rate agreed
  4. Send your side
  5. Desk verifies
  6. Desk pays out
  7. You confirm
You send42,000.00 USDCFixed when you asked
You receive₦64,711,920.00At the agreed rate
Rate1,540.76NGN per USDC
Priced byA dealerAfter your counter
Every priceOldest first, so the negotiation reads
  1. CP
    ChainPal quoted 1,538.40Priced automatically, firm for 10 minutes
    10:02
  2. HM
    You countered at 1,545.00“We traded at this level last week for a similar size.”
    10:05
  3. CP
    ChainPal quoted 1,540.76Priced by a dealer, firm for 30 minutes
    10:11
  4. HM
    You took 1,540.76ChainPal sends payment details next
    10:14

A counter passes the trade back to ChainPal. Its earlier price stops standing the moment you name your own.

Send your sideThen tell ChainPal, with your receipt

Send exactly

42,000.00 USDC

To this address

0x41c9 e7a0 2b5d ··· c3a6 b1d9 0d90

On any of these networks

BasePolygon

Quote this reference

OTC-3HP8W2LA

transfer-receipt.pngYour receipt, attachedReady
I have sent it

Illustrative. A sample trade for Harbourview Markets Ltd. Not live rates.

Works with

Convert into the accounts you already use.

The desk settles to the destinations you route to, and feeds the treasury your team already controls.

Treasury

Buy stablecoins into a Safe owned by your passkeys.

Payouts

Choose where OTC settles, from destinations ChainPal has reviewed.

Payroll

Fund the payroll treasury before a run, at a firm price.

Questions

The OTC desk, answered.

Planning a large conversion? Write to help@chainpal.org and the desk will come back to you.

Who is on the other side of our trade?

ChainPal. There are no third-party counterparties and no order book. You ask us for a price, and the price we quote is the one you trade at.

How is a trade priced?

Smaller trades are priced instantly, and the quote is firm for 10 minutes. Larger trades are priced by a dealer, and the quote is firm for 30 minutes. You can accept a quote, counter with your own rate, or withdraw. If a quote runs out, nothing has moved, and you can ask for a fresh one.

What can we trade, and how much?

USDC and USDT against NGN, KES, GHS, ZAR and USD, in both directions. Each trade can be up to $250,000, and up to $1M a month in total.

How does settlement work?

Once a rate is agreed, you send your side and attach proof of the transfer. The desk verifies it and pays out your side, and you confirm it arrived, which closes the trade as settled.

Who can use the desk?

Verified businesses. Once your business has completed verification, you apply for access to the desk.

What does the desk charge?

Every trade is quoted on its own. The rate you are quoted is the rate you trade at, and you see it before you commit. See all pricing.

Open for business

Build on rails you control.

Open an account, choose where each product settles and take your first payment in digital dollars. No setup fee, and no balance held on your behalf.

Get started Talk to our team