Helping medium and high-risk clients improve the efficiency and profitability of their global payments processes through the movement, management and integration of digital and fiat assets.
We offer two different trading solutions for different client profiles
Most of our corporate clients work with us through our OTC desk. We have a team of traders who execute transactions through our world-leading partners providing clients with the best possible rates, the fastest possible settlement periods and 24hr, VIP service levels.
Each client has their own dedicated communication channel with the trading team according to their own preference. This can be on Telegram, Slack, WhatsApp or any platform that the client chooses. They use this channel to inform the team of the details of the transaction they wish to make and the team responds on that channel. Some clients request a price quotation before the transaction is executed, but in most cases clients trust the team to deliver the most competitive rate possible.
The system operates on a transaction-by-transaction basis and once the trade has been executed the client is provided with a trade receipt.
There is no fee to open an OTC account. The only fee applied is a percentage of the value of transactions executed which is negotiated individually with each client and is largely dependent on volumes traded.
Some of our clients – particularly those with substantial payments and treasury management teams – choose to use our eOTC platform.
eOTC is an online portal that enables clients to deposit and withdraw fiat from, and to, a single, designated bank account. They convert that fiat into digital assets such as USDT and 1GBP, and then send those digital assets to white-listed 3rd party wallets.
It also provides back-office functionality including full audit trails for easy reconciliation and all transactions can be executed directly on the platform by the client without any involvement from the Damex Business team.
Clients can add as many recipients as they wish once they are approved by our compliance team.
eOTC is perfect for clients with higher volumes of lower value transactions.
Again, there is no fee charged to open a eOTC account. As per OTC, the only fee applied is a percentage of the value of transactions executed which is negotiated individually with each client and is largely dependent on volumes traded.
eOTC is a solution specifically designed for active traders – professionals who are trading digital and fiat assets for profit – and institutions.
The solution is built on the Finery Markets FM Liquidity Match trading model and operates through a master account created by Damex Business.
The master account then creates multiple sub-accounts and each sub-account functions as a separate trading account with its own balance, positions, and trading history.
The sub-accounts operate within specific risk-limits and settle with the master account. The master account manages user access, risk, mark-ups and position roll-overs across all sub-accounts.
It effectively segregates the “dealer-to-dealer” and “dealer-to-client” markets and enables clients to source liquidity from global liquidity providers with spread management tools.
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Helping medium and high-risk clients improve the efficiency and profitability of their global payments processes
Accessing corporate bank accounts has become more and more difficult over recent years, particularly for companies deemed to be medium or high risk.
Damex offers three alternative custody solutions.
Find out more about Damex.
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