Panama's bitcoin desk.
Since 2020.

Balboa Exchange is an OTC trading and lending house for serious holders in Latin America.

Begin qualification

Banking partner

Opening an account with us gives you an account in your own name at Singapore Gulf Bank.

US dollar intermediary: JPMorgan Chase

What we do

Two products. One relationship.

OTC trading

Block trades and high-touch execution in bitcoin and major stablecoins. Settlement in USD, USDT, or USDC. Pricing transparency at size. Confidentiality by design.

OTC details

Bitcoin-backed loans

Liquidity against your bitcoin without selling it. Custodial collateral. Clear LTV and terms stated up front. Disbursement in USD or stablecoin.

Loan terms

Service model

Concierge for those who need it. Self-serve for those who prefer it.

Every new client begins with a short qualification questionnaire. Based on the answers, we route you to a booked call with a trader, or to a logged-in platform with the tools to act on your own schedule. Either path can lead to the other.

Concierge

  • Direct trader access
  • Custom terms and large blocks
  • Settlement through trusted banking channels
  • Full discretion

Self-serve

  • Logged-in dashboard
  • Quote, trade, and settle on your schedule
  • Loan origination and management
  • Talk to a person at any moment

Why Balboa

Established, not experimental.

Anchored

In Panama

We are here. We bank here. We know the lawyers, the notaries, the right banks, and the bureaucratic rhythm.

Aligned

Bitcoin first

Bitcoin is the reserve asset. Stablecoins are the rails. The rest is distraction.

Discreet

By design

OTC is a confidentiality product as much as a price product. Privacy, inside full compliance.

Liquid

Without disposition

Through lending, clients use their bitcoin without selling it.

Begin

Decide Panama is the answer.

The right team member responds. Either language.

Begin qualification