Scale Without Headcount
Automate quoting, eliminate voice trading overhead, reduce operational costs, and scale your business efficiently.
Institutional OTC
The institutional OTC platform for digital assets
Mercury OTC turns voice-and-chat OTC trading into an electronic RFQ workflow. Desks get 24/7 quoting, integrated compliance, settlement automation, and the audit trail institutional counterparts expect.
The Challenge
Why institutional OTC desks are moving away from voice workflows
Voice and chat-based trading creates friction at every stage of the workflow.
Slow & Inefficient
Voice and chat are unscalable. Manual processes create bottlenecks that limit growth.
No 24/7 Coverage
Human-dependent quoting means missed opportunities when your team isn't online.
Manual Overhead
Every quote, every trade, every settlement requires manual intervention and verification.
Compliance Gaps
Fragmented audit trails and manual record-keeping create regulatory risk.
The Solution
Electronic infrastructure for modern OTC
Mercury OTC automates the workflow from price discovery to settlement. It keeps the flexibility institutional traders still need.
24/7 Automated Quoting
RFQ, RFS, and streaming quotes available around the clock without manual intervention.
Flexible Pricing Models
Single-dealer, multi-dealer, or hybrid configurations to match your business model.
Integrated Compliance Chat
Built-in trade desk tools with full audit trails and regulatory adherence.
White-Label Platform
Fully customizable client-facing UI with your branding and workflows.
Platform Capabilities
Everything you need to run a modern OTC desk
Trading
Advanced order types, customizable workflows, real-time market data across spot, futures, perpetuals, and options.
Ledger & Settlement
Automated ledger management with seamless DvP settlement via BitGo integration.
Reporting
Comprehensive compliance, risk management, and performance analysis with full audit trails.
Who Benefits
Built for institutional trading operations
Streamlined Execution
Access deep OTC liquidity with electronic RFQ workflows, transparent pricing, and integrated settlement. Replace fragmented voice and chat processes.
Electronic Distribution
Reach institutional buyers electronically and expand your client base without operational complexity.
Infrastructure
Production-grade infrastructure pillars
Risk Controls
Pre-trade, intra-trade, and post-trade safeguards to protect every transaction.
Compliance
Full audit trails and regulatory adherence built into every workflow.
Performance
Low-latency execution with reliable connectivity and high throughput.
Scalability
Architecture designed to grow with your business without compromises.
Asset Coverage
Multi-Asset Support
Spot
Futures
Perpetuals
Options
Multi-leg
Market Context
Institutional OTC flow is outpacing the broader market
OTC desks are seeing materially faster volume growth than centralized exchange spot markets, while settlement performance is becoming a competitive differentiator.
109%
Institutional OTC spot volume growth
Institutional crypto spot OTC trading volumes rose 109% year over year in 2025, based on research covering more than 15 million institutional spot trades.
Source: Finery Markets, State of Crypto OTC 20269%
Top-20 CEX spot growth
Top-20 centralized exchanges managed only about 9% spot growth over the same period, underscoring the OTC-versus-exchange divergence.
Source: Finance Magnates, February 202690%
Settlement time reduction
A top-20 payments company reduced cross-border settlement time from T+2 to under 20 minutes using blockchain-based settlement infrastructure.
Source: 7BlockLabs case studyMarket Signal
Institutional flow is fragmenting across more execution environments
Market Signal
“Institutional trading activity is increasingly spread across OTC desks, derivatives venues, and on-chain platforms.”
Tanya Chepkova, Finance Magnates, 2026
Source: Finance Magnates, Crypto Spot OTC Rises 109% YoY as CEX Spot Growth Remains Muted: Finery Markets
FAQ
Common Questions About Mercury OTC
What is Mercury OTC?
Mercury OTC is an electronic OTC trading platform for institutional digital asset workflows.
How is Mercury OTC different from voice trading?
Mercury OTC replaces manual voice and chat workflows with electronic quoting, execution, audit trails, and settlement support.
Who uses Mercury OTC?
Mercury OTC is built for OTC brokers, institutional trading desks, and liquidity providers that need scalable OTC operations.
Does Mercury OTC support compliance and settlement workflows?
Yes. Mercury OTC is designed to support integrated compliance workflows, audit trails, and settlement processes for institutional desks.
Client Validation
Proof that electronic OTC infrastructure can scale
K33 used Liquid Mercury to scale OTC operations without rebuilding internal systems. OTC volumes grew 5x while the broader market contracted.
Client Story
“Liquid Mercury gave us the execution infrastructure to scale our OTC operations without rebuilding our internal systems. The workflow fit was immediate and the implementation support was genuinely hands-on.”
Torbjørn Bull Jenssen
Founder and CEO, K33
Get Started
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See Mercury OTC in action. Schedule a personalized demo with our team.
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