JC
July 10, 2025

How Do Dark Pools Work

How Do Dark Pools Work. Jake Claver, recorded July 2025.

What this recording covers

Claver explains how dark pools operate as private transaction venues for executing large-scale trades between institutional counterparties. A dark pool matches buyers and sellers off public order books, allowing high-volume transfers to settle without causing immediate slippage or volatility across open markets. The platform operator vets participants on both sides, facilitates the transaction, and collects an execution fee. Claver distinguishes dark pools from standard over-the-counter desks by highlighting their higher qualification thresholds. Participating in a dark pool typically requires formal qualified client status and substantial net-worth minimums that far exceed standard over-the-counter requirements. Furthermore, non-disclosure agreements are generally unnecessary prior to trade completion because participant identities remain concealed until after the transaction officially settles.

Where this fits

This page hosts a recorded video and a short summary of what it covers. It is general information, not investment, tax, or legal advice, and not a recommendation to buy or sell any asset or to form any entity. Rules change and older recordings may describe a position that has since moved. Speak to a qualified professional before acting.

More from Jake ClaverFull-length breakdowns on custody, entities, trusts and XRP.

Watch on YouTube