Key takeaways
- Receive, hold and send euros using account details associated with your business.
- Support approved business collections and payments, including third-party flows where enabled for your account.
- Connect EUR balances with supported crypto and stablecoin conversions through CoinOTC.
- A named account can use a virtual IBAN: the account agreement and underlying structure matter more than the label alone.
- CoinOTC’s initial EUR account onboarding is for businesses. Access depends on jurisdiction, onboarding, risk review and the agreed setup.
CoinOTC supports named EUR accounts for businesses that need to receive, hold and send euros, with access to crypto and stablecoin liquidity through the same connected workflow.
For a finance team, the account is a practical starting point: collect a customer payment, keep euros available for operating expenses, pay an approved supplier or arrange a conversion for a digital asset settlement. Our initial onboarding is for businesses. We are not onboarding individuals at this stage.
Euro account details in your business name
A named EUR account provides receiving details associated with your registered business name, including an IBAN. Your team can use the account details supplied after activation when arranging approved funding and collections.
The account view brings together your available balance, banking details and transaction activity. Counterparty names, payment references and transaction statuses help your team follow incoming and outgoing funds and match them to the underlying business activity.
Use the exact beneficiary name and instructions shown for the account. The relevant payment rail and receiving requirements should be confirmed before funds are sent.
EUR named accounts vs virtual IBANs
“Named account” and “virtual IBAN” describe different aspects of a payment setup. One describes the business identity associated with the account details; the other describes how an IBAN connects to an underlying account. A named solution can therefore use virtual IBANs.
| What to compare | EUR named account | Virtual IBAN |
|---|---|---|
| Business identity | Account details identify the business under the provider’s agreed naming arrangement. | Can also identify the business; naming depends on the provider and payment setup. |
| Underlying structure | The label alone does not establish who holds the underlying bank account. | An identifier linked to an underlying account, commonly called a master account. |
| Reconciliation | Account details, statements and references help match payments to business activity. | A distinct identifier helps attribute payments to a customer, business unit or payment flow. |
| Payment capabilities | Incoming and outgoing payments depend on the rails and services enabled for the account. | Can support collections and payments where the provider’s solution permits them. |
| What to confirm | Contracting entity, account holder, enabled payment flows and applicable protections. | Master-account arrangement, naming, reporting and the rights attached to the service. |
The account name and IBAN type alone do not establish fund protection or permitted payment activity. Confirm the agreement and account structure with the provider.
For your business, compare the complete operating setup: whose name appears on payments, which transfers are permitted, how funds are held and how transactions are reported.
For background on these structures, see the EBA report on virtual IBANs and ClearBank’s virtual-account documentation. These describe virtual-account structures generally, rather than the terms of a CoinOTC account.
Receive, hold and send EUR
EUR accounts can support day-to-day business payments as well as treasury funding, within the scope approved for your company. Common uses include:
- Funding the account from an approved account held by your business.
- Receiving payments from approved third-party customers or business counterparties.
- Keeping a EUR balance available for operating needs.
- Sending payments to approved first- or third-party beneficiaries, including suppliers and service providers.
Supported EUR rails include SEPA, SEPA Instant and SWIFT, where enabled for your account and route. Your agreed setup defines the available rails, payment limits and processing conditions.
Who needs a EUR account? Business use cases
- Fintechs and payment providers. Connect approved EUR collections with conversion and payout workflows, while keeping incoming funds and settlement records easier to reconcile.
- Regulated entities. Use a defined EUR account and settlement route for approved treasury activity, with account details and transaction records that support internal controls.
- Trading desks. Fund approved crypto and stablecoin trades from EUR balances, then convert eligible proceeds back into euros when needed for operations.
- Corporate treasuries and family-office entities. Coordinate euro receipts, supplier payments and approved digital-asset conversions within the entity’s operating and treasury policies.
- High-compliance businesses. Structure approved collections and payments around documented counterparties and payment purposes, with activity reviewed against the agreed business model.
These are examples of business workflows; account access, third-party activity, assets and payment routes remain subject to review and approval. Individual onboarding is not included at this stage.
Connect euro balances to crypto and stablecoin liquidity
Some businesses collect revenue in euros but settle part of their activity in digital assets. Others receive crypto and need euros for expenses. CoinOTC connects fiat account operations with OTC conversion and settlement so those requirements can be planned together.
Eligible businesses can arrange conversions between EUR and supported crypto assets. This can include stablecoins such as USDC or USDT where the asset, network and use case are permitted for the client and jurisdiction. The desk confirms the available pair, amount, quote and settlement instructions before execution.
Digital asset settlement uses approved addresses and supported networks. Your team can also arrange a supported conversion back into EUR, then send an onward payment through the available bank rail. The conversion, on-chain settlement and bank payout each have their own confirmation and processing requirements.
A practical example
Consider a business receiving EUR from an approved commercial customer. After the deposit is credited and available, the finance team keeps part of the balance for euro expenses and requests a quote to convert another portion into an eligible stablecoin.
Once the trade and instructions are confirmed, settlement goes to the approved crypto address. If a later obligation needs to be paid in euros, the business can arrange a supported conversion back to EUR and submit a payment to its approved supplier.
The account connects the euro side of the business with its digital asset requirements, while giving the finance team visibility into each deposit, conversion and payment.
From onboarding to operating
Getting started follows three stages:
- Onboarding. Provide company information and supporting documents, ownership and director details, and identity verification for the relevant individuals. We review your business activity and intended payment flows.
- Contract. Review and sign the applicable agreement through the Agreements workspace in your client app.
- Operating. Once the account is approved and activated, access your balance and bank details and use New transfer for supported payments.
Account activation follows the completion of verification and the relevant approvals. The team confirms your account details and supported rails before you begin operating.
Discuss your EUR account requirements
Tell us where your business operates, who you need to receive funds from and pay, and whether crypto or stablecoin conversion is part of the flow. Our team can review the available setup and discuss pricing for your requirements.
Contact us to explore EUR accounts for your business.
Service availability depends on your business, jurisdiction, verification and banking-partner approval. Crypto assets, networks and conversion routes are subject to the agreed client setup and available liquidity.