SUMMARY OF ORDER TRANSMISSION AND EXECUTION POLICY

1. Introduction

Northcrypto Oy (“Company” or “we”) is a crypto-asset service provider (“CASP”) within the meaning of Article 3(1)(16) of the EU Regulation on Markets in Crypto-Assets (“MiCA”). In accordance with Article 78 of MiCA, when we are execution your orders, we must take all necessary steps to obtain a best possible result for you (“Best Execution”). In addition, as per Article 80 of MiCA, we must transmit your orders promptly and properly for execution on trading venue or another counterparty.

To achieve the Best Execution, we have established and implemented effective execution arrangements, and separate Order Transmission and Execution Policy. All of our orders are executed according to this policy. With this public summary of that policy, we explain to you how we ensure the Best Execution when transmitting or executing your orders.


2. Best Execution

When executing or transmitting client orders, we take all reasonable steps to achieve the best possible result, taking into account the following factors:

  • Price: We seek the most favorable price at the time of your order.
  • Cost: All fees, network costs, and commissions are considered.
  • Speed: Orders are executed promptly, taking into account network and system performance.
  • Probability of Execution and Settlement: We use venues and counterparties with a strong track record for execution and settlement.
  • Order Size and Type: We handle small and large orders appropriately, depending on whether it’s a market or limit order.

We aim to achieve the best possible result in terms of the total amount paid or received for you, considering the above factors.


3. Execution and Transmission Strategies

We use Single-Venue Execution Strategy, which means:

  • Your orders are transmitted to one selected trading venue or counterparty at a time via secure API connection for execution.
  • We maintain relationships with multiple venues to switch if needed, but only one is active for execution at any time.
  • The active venue is chosen and periodically reviewed based on criteria such as execution quality, market depth and liquidity, uptime, and regulatory standing.

This strategy prioritizes stability, reliability, and execution speed, minimizing latency and counterparty risk while still achieving best execution outcomes.

Regarding the different type of orders, we have established the following additional strategies:

  • Market Orders (QuickBuy / QuickSell / Swap): Executed immediately at the best available price. Execution typically occurs on market prices in a trading venue’s order book or directly with a counterparty providing exchange services.
  • Limit Orders (Advanced Buy / Advanced Sell): Executed only when the specified target price becomes available. Orders remain pending until execution conditions are met or expire.

As our Order Transmission and Execution Policy allows us the possibility that client orders might be executed outside a trading platform, with this policy, we inform you about that possibility. By continuing the usage of our Trading Service, and by accepting this possibility through a separate tick-the-box –requirement, you give us a prior express consent that we can execute your orders outside the trading platform.


4. Approved Trading Venues and Counterparties

The Company does not receive any compensation, discounts, or non-monetary benefits from these trading venues or counterparties.

Trading venues / counterparties Regulator Resident state LEI
Kraken Digital Asset Exchange (Payward Europe Solutions Ltd.) CBI Ireland 9845003D98SCC2851458
Crypto.com (Foris DAX MT Ltd) MFSA Malta 2549005CVR5HH70FDO07
Finst (Finst B.V.) AFM Netherlands 724500UI8UD7HKGVJX65

5. Monitoring and Review

As part of the provision of Trading Service, we continuously monitor our execution strategies, including:

  • Price accuracy, costs, and speed
  • Market depth and liquidity
  • System uptime and availability
  • Venue reliability and regulatory compliance
  • Range of supported crypto-assets

We also review venues annually to ensure they continue to deliver Best Execution for our clients.


6. Prevention of Information Misuse

To prevent the information misuse regarding our Trading Service, we have enforced strict confidentiality and data protection controls:

  • Access to client order data is limited to authorized personnel.
  • Employees handling client data undergo regular mandatory training on secure and fair handling of information.
  • All order-related actions are logged and monitored to detect and prevent misuse.

7. Other Information

Any material changes to this policy will be communicated, and you will need to accept the updated Terms before continuing.

The Company records all client transactions in line with its Record-Keeping Policy and can demonstrate compliance with this policy to both clients and the competent authority (FIN-FSA) upon request.

If you have any questions regarding our Order Transmission and Execution Policy, please contact compliance@northcrypto.com. If you have complaints, see https://www.northcrypto.com/customer-complaints-policy.