Over-The-Counter: Buyer's Guide
What is an OTC desk?
An OTC desk, or liquidity provider, is the principal counterparty that buys and sells digital assets with clients directly, off-exchange, at a single quoted price. Compared with working the same order through an exchange order book, an OTC trade fills at one price rather than across several levels, is not limited by the depth visible on the book, and leaves no public print for other participants to trade against. OTC desks typically source liquidity from multiple venues: exchanges, market makers and banks.
What does this mean for Neo-X?
We source our liquidity from approximately 25 crypto exchanges, market makers and banks. We’ve taken the heavy lifting out of quote sourcing, so our clients trade with us at a single price point.
What does this mean for Australian wholesale clients?
In Australia, it’s difficult to get access to sharp pricing in wholesale sizes. Neo-X quotes one firm, all-in price in sizes from approximately A$100,000 to A$20 million, so a wholesale client sees institutional pricing without aggregating it themselves.
How does a trade with Neo-X work?
Request, quote, accept, settle. A client tells the desk the pair, side and size, by chat, web UI or API. Neo-X returns one firm price. The client accepts, and the order is filled. Settlement follows: the client delivers their leg, and Neo-X delivers the other side. Approximately 95% of our trades settle within one hour and 99% within two hours (as at October 2026). Every onboarded client has a $1 million trading facility by default, so no pre-funding is required.
Who can trade with Neo-X?
Wholesale clients only, as defined in sections 761G, 761GA and 708 of the Corporations Act. That covers exchanges, dealers and brokers, corporates, payments companies and MSBs, family offices, fund managers and wholesale high-net-worth individuals. Neo-X does not serve retail clients and does not quote privacy coins.
How do I get started?
Reach out on sales@neox.au or (02) 9136 0264 and we will take you through the onboarding process.
Neo-X Financial Pty Ltd holds AFSL 558430. Client-facing services are provided by Neochain Pty Ltd, CAR 001320366. Wholesale clients only. Neo-X acts as principal, makes markets and may hold positions in the assets it quotes. Nothing on this page is financial product advice. Figures are approximate and not quotes.
E: sales@neox.au
Ph: (02) 9136 0264
The Information contained herein, has been provided by the Neo-X Group for general purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information within constitutes general advice only and does not take into account your objectives, financial situation, or needs. It is not intended as, and does not constitute, personal financial advice, investment advice, tax advice, or any other professional advice; and is general in nature and is not specific to you or anyone else. Before acting on any of the information presented, you should consider its appropriateness to your circumstances and seek independent professional advice from a licensed financial adviser, accountant, or legal practitioner. You acknowledge that you use any and all information available on this site at your own risk.
RISK STATEMENT - Trading in foreign exchange, digital assets, and cryptocurrencies carries a high level of risk and may not be suitable for all investors. Prices can fluctuate significantly, and you may lose some or all of your invested capital. Past performance is not a reliable indicator of future performance. Anyone wishing to invest or trade should seek their own independent financial or professional advice and should only commit capital they can afford to lose.
Neo-X Financial Pty Ltd holds Australian Financial Services Licence No. 558430. Services are provided to wholesale clients only, as defined under sections 761G and 761GA of the Corporations Act 2001 (Cth).