OTC Guide

FTX US has an OTC portal at otc.ftx.us where you can get instant, 24/7 OTC quotes for any coin supported by FTX US.

 

How do I register for FTX US OTC?

You use the same account for FTX US OTC as you do for FTX US; so once you've created an FTX US account and cleared AML/KYC you're ready to start using the OTC service as well.

 

Can I trade via API on FTX US OTC?

Yes, FTX US OTC supports REST and WebSocket connections. See the OTC API Documentation for more information.

 

How do I deposit/withdraw?

You can transfer funds from your FTX US account from the Wallet tab on the navigation pane, or https://otc.ftx.us/wallet. To transfer funds, click "FTX Transfer" from the appropriate token’s row in the OTC wallet. Then follow the prompts to instantly transfer fiat or crypto from your FTX US account to the OTC wallet. Please note that the only way to add funds to your OTC wallet is to transfer from your FTX Wallet.

Please check that the "hide zero balances" checkbox is unselected. This setting is located near the top of the screen of the OTC wallet.

You can deposit and withdraw funds directly into OTC through the API. See the OTC API Documentation for more information.

 

How do I request quotes?

You can request OTC quotes by going to https://otc.ftx.us/, entering the details, and clicking 'GET QUOTE'.  This will give a live quote that you can trade against.

If you don't have enough funds in your OTC wallet to do the trade, instead you'll see 'GET INDICATIVE QUOTE'.  This will give the same quote you'd normally get, except that you won't actually be able to trade against it until you deposit enough funds.

Quotes have a default length they last; currently that is about 15 seconds.  Sometimes they will cancel earlier, especially if markets move.  You will know a trade is complete if you receive notification that it is.

 

How do I stream quotes?

RFS (request for stream) is now supported over WebSocket, users can receive real-time streaming prices at a quantity of their choosing for all supported assets on otc.ftx.us. View the RFS OTC API documentation here.

 

How do I get priced in TWAP?

Click the TWAP button on the left menu, or navigate to otc.ftx.us/twap. You'll be required to input the relevant details: base currency, quote currency, direction (buy or sell), size (in base currency or quote currency), and the duration. Limit price and start time are optional.

 

Where can I see my trades?

You can see your trade history at https://otc.ftx.us/fills.  You can also see your current balances at https://otc.ftx.us/wallet.

 

Can I get a post-trade settlement?

By default trades must be pre-funded on FTX US OTC. If you qualify as an ECP, you can apply for post-trade settlement on OTC trades.a line of credit on FTX US OTC. 

If you want to be able to trade OTC without pre-funding your account, please submit a support ticket, specifying your anticipated volume and trading profile. 

Note that, in order to be enabled for post-trade settlement, you will need to meet the definition of an Eligible Contract Participant.