How to Trade Big Crypto Volumes, Explained

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Crypto auctions, algorithmic trading and over-the-counter (OTC) desks are designed to transfer large amounts of crypto.



In cases when you want to trade your crypto assets directly, without splitting them into parts and calculating fees, the daily auction held by Gemini — a U.S.-based, regulated crypto exchange — is a popular way to do that. Orders are currently available for five major currencies — Bitcoin, Ether, Zcash, Litecoin and Bitcoin Cash.

Another solution is to use trading bots to automate the process of splitting transactions. For instance, TradeSanta is a cloud software that allows you to buy or sell large amounts of crypto on major exchanges, such as Binance and HitBTC, while minimizing the impact on the market by making the transactions smaller and distributing them in time. By using smart orders, TradeSanta’s customers can trade a desired amount of crypto within the exact price limit during a specified period of time. In addition to this, the user doesn’t have to waste time splitting up the amount or placing orders, as TradeSanta takes care of the technical aspects and keeps the orders on top of the exchange’s order book. 

OTC trading is also gaining popularity at the moment. These off-exchange desks match buyers and sellers of large amounts of crypto without placing orders on an exchange. As Binance CEO CZ said in an interview, the demand for such services is at least as much as the total volumes reported by crypto exchanges, which equals up to 50% of the total volume that is not displayed on CoinMarketCap.

The growing demand for OTC trading has forced major crypto exchanges to launch their own OTC desks despite the crypto winter. However, this way to trade large amounts of crypto involves several risks, such as double spending, phishing and fake agreements. Therefore, the trader has to be skillful enough to use OTC desks.

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