Optimising crypto-fiat conversions with Fipto’s OTC solutions

Managing large crypto-fiat conversions is a challenge: hidden fees, price slippage, and unreliable liquidity can eat into your margins. Fipto’s OTC solutions solve these pain points, offering efficient, transparent, and cost-effective trading by unifying end-to-end currency management in one platform.

Common pain points in currency management

1. Fragmented systems: Most companies still rely on a patchwork of bank portals, standalone apps, and manual processes for foreign exchange, payments, and treasury oversight. This leads to inefficiencies, higher costs, and plenty of frustration.
2. Time zone headaches: Payments get stuck in limbo when bank cut-off times differ across countries. Weekends and public holidays further complicate this issue, particularly for agile, fast-moving businesses.
3. Volatile markets: A single unexpected shift in currency rates can erode profit margins. Businesses often lack the real-time control and visibility to react quickly and effectively.
4. Rising role of digital assets: Cryptocurrencies are gaining traction as businesses look to avoid local currency volatility or diversify treasury holdings. Yet, most payment solutions don’t integrate digital assets seamlessly, forcing teams to hop between platforms.

Instead of being an enabler, currency management has become a growth barrier. Fipto’s OTC solutions change that equation.

Two powerful tools, One platform

Fipto offers a single hub for all currency conversions—fiat-to-fiat, fiat-to-crypto, crypto-to-fiat or crypto-to-crypto—eliminating the need for multiple providers. Fipto’s OTC solutions are composed of two distinct modules: a self-service electronic OTC (eOTC), and a conventional OTC desk.

1. eOTC (Electronic OTC)
   
   • High-speed conversions: Perfect for day-to-day, on-demand transactions that need to happen in real time.
   • Automated execution: Removes manual intervention, ensuring you the best market rates with minimal latency.
   • Transparent costs: Upfront fees and tight spreads give you the cost clarity traditional banks often obscure.

2. OTC Desk
   
   • Personalised service: When dealing with large volumes or complex transactions, you get a direct phone line to our trading desk.
   • Strategic guidance: Get expert  advice on the best timing, hedging strategies, or market approach for higher-value trades.

Custom quotes: Get negotiated rates for large transactions, ensuring you’re getting value in line with global market benchmarks.

By seamlessly blending automated conversions (eOTC) with high-touch expertise (OTC Desk), Fipto removes friction and lets you reclaim the time, cost, and effort often lost to juggling multiple tools.

• Cost savings: Centralising both fiat and crypto transactions within one ecosystem cuts duplicate wire fees and platform costs.
• Risk mitigation: Instant access to the best-available rates lets you hedge or convert funds immediately when the market shifts.
• Scalability: As your business expands into new markets and currencies, Fipto’s OTC solutions scale with you, without the need to reconfigure tools or integrate multiple payment solutions.

Deep dive on eOTC

How does it work?

Fipto’s eOTC can be accessed via API or directly on the platform:

1. Select source wallet: The wallet holding assets you’d like to exchange or sell.
2. Select target wallet: The wallet where you want converted assets deposited.
3. Enter the amount: Specify either how much you want to sell or how much you want to receive.

Fipto instantly calculates the conversion amount in real time, sparing you the guesswork.

Real-time execution and instant settlements:

Confirm your conversion, and Fipto immediately executes it via top-tier liquidity providers. Once cleared:

1. Source wallet is debited.
2. Target wallet is credited right away.

Fipto optimises treasury flows so that converted funds are available for immediate use, be it payments or reinvestment.

Technological integration

To provide you with the best rates for your currency conversions, we’ve developed a reliable infrastructure that connects directly to multiple liquidity providers in real time. Here’s how we ensure precision and performance:

• API aggregation: An API layer that aggregates pricing data from a network of trusted liquidity providers to secure competitive rates.
• Real-time pricing updates: WebSocket connections deliver continuous updates, ensuring every transaction reflects the latest market conditions.
• Smart routing: Intelligent algorithms identify the best pricing across providers, factoring in transaction volume and the currencies being converted.
• Scalable performance: Built to efficiently manage high volumes of transactions, with load balancers ensuring speed and reliability during peak demand.
• Fallback mechanism: Designed for uninterrupted service, our system automatically reroutes in case of downtime from a partner provider.
• Dynamic credit line management: Continuously monitors credit lines with liquidity partners, enabling real-time adjustments and top-ups to ensure uninterrupted operations.

This infrastructure ensures that your business receives optimal rates empowering you to manage currency conversions with confidence and ease.

Ensuring fair pricing with VWAP

At Fipto, we believe that fairness is just as important as speed. That’s why every conversion leverages VWAP (Volume Weighted Average Price) to ensure pricing transparency and accuracy. We use smart pricing algorithms to find the best rate available and automatically connect to multiple liquidity providers.

VWAP calculates a weighted average price based on trading volumes across multiple liquidity providers. By taking into account the size and depth of each provider’s order book, VWAP eliminates the impact of outliers and delivers a balanced, market-representative rate. This means your conversions reflect true market conditions, so you can confidently manage your treasury with competitive, fair, and transparent pricing.

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Currencies supported by Fipto’s eOTC

eOTC supports the following currencies:

• Fiat: EUR
• Digital Assets:
  
  • Stablecoins: USDC (Ethereum, Arbitrum, Polygon, Optimism), EURCV, EURC (soon)
  • Cryptocurrencies: Bitcoin, Cardano, Avalanche, Ethereum (including Optimism and Arbitrum), POL

Deep dive on Fipto’s OTC desk

While our eOTC feature covers most day-to-day transactions, we understand certain trades require specialised care such as high-volume requests or uncommonly traded currency pairs. That’s where our OTC desk comes in:

1. For unique currency pairs
   
   If your desired currency pair isn’t supported by the Fipto eOTC, submit a request for a quote. Our trading desk will fetch a custom quote tailored to your volume and timing.
   
   
2. For high-stakes transactions
   
   Have a large or mission-critical trade? Your dedicated account manager will guide you through every step, ensuring optimal execution at the best available price.
   
   
3. For exotic fiat currencies
   
   Navigating less commonly traded currencies? Submit a request for a quote, and your account manager will provide expert assistance to ensure seamless execution and competitive rates.
   

Currencies Supported by Fipto’s OTC desk

Expanding beyond the currencies supported by eOTC, the OTC Desk unlocks access to a wider selection of fiat currencies, ideal for high-volume, cross-border, and specialised transactions:

• Additional fiat currencies: ARS (Argentine Peso), MXN (Mexican Peso), BRL (Brazilian Real), GBP (British Pound),XAF (Central African CFA Franc), IDR (Indonesian Rupiah), ZAR (South African Rand),AED (UAE Dirham), USD (US Dollar), XOF (West African CFA Franc) 
• Additional digital assets:
  
  • Stablecoins: EURC

The OTC desk ensures flexibility and personalised support for your most complex currency needs, enabling seamless global transactions with confidence.

Start optimising your conversions with Fipto today

Eliminate hidden fees, price slippage, and unreliable liquidity with Fipto's OTC solutions. Our platform ensures seamless, fast, and efficient currency conversions—whether you need instant execution with eOTC for everyday operations or expert support through our OTC Desk for high-value trades.

Request a demo, or directly open an account today to start optimising your conversions.

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