OTC desks
Large crypto ↔ fiat deals off-exchange.
Rain
Rain is a crypto platform from Bahrain, founded in 2017, with retail buying and selling, a professional tier called Rain Pro and an OTC service. Support is…
Satstreet
Satstreet is a Canadian OTC desk that provides personal execution of bitcoin and digital-asset trades. It is operated by Satstreet Inc. Services The desk…
Wintermute
Wintermute is an algorithmic digital asset liquidity provider with an OTC desk for spot and derivatives. It also provides market making for token projects and…
Wincent
Wincent is an algorithmic market maker for digital assets that provides liquidity on exchanges and OTC venues. The company publicly states coverage of more…
Ripple
Ripple Prime, formerly Hidden Road, provides institutional clearing and portfolio financing through a single counterparty. A single supported collateral pool…
QCP
QCP is an institutional digital trading partner that has operated since 2017. Through its OTC desk it brings together a network of liquidity providers and…
Portofino Technologies
Portofino Technologies is a crypto market maker offering institutional OTC execution and treasury solutions. It works with exchanges, token projects and…
OSL
OSL Business offers multi-currency accounts, institutional OTC and BizPay for global collections and payouts. The platform combines stablecoin settlement…
Nonco
Nonco is an institutional trading firm that provides OTC liquidity for large blocks of digital assets. It offers market making on centralized and decentralized…
Laser Digital
Laser Digital is an institutional provider of trading and investment services for digital assets. Its Middle East arm offers spot execution, managing risk…
Kronos Research
Kronos Research provides institutional OTC liquidity for major digital assets. The company describes systematic pricing, algorithmic execution, routing and…
Keyrock
Keyrock is an institutional market maker and OTC provider for digital assets, serving both centralized and decentralized markets. According to the company, its…
KeyBS Pay
KeyBS Pay publishes a Settlement Facility for corridor prefunding, accelerated settlement and card-network payout funding. After KYB and credit assessment, a…
Kairon Labs
Kairon Labs is a Belgian provider of institutional liquidity and quantitative trading strategies. It offers market making on centralised and decentralised…
GSR
GSR is an institutional trading firm serving token issuers, exchanges, financial institutions, payment companies and asset managers. Its public intake form…
Galaxy (digital assets)
Galaxy (digital assets) is the institutional crypto business of Galaxy Digital Inc., headquartered in New York City. Its credit offer covers collateralised…
Flowdesk
Flowdesk is a provider of institutional spot OTC liquidity across centralised and decentralised venues. Execution is available by voice, chat and API. Services…
Flow Traders
Flow Traders is a global market maker and institutional liquidity provider that, according to the company, has worked with digital assets since 2017. Its…
Upcoming events: OTC desks
All upcoming eventsOTC desks by country
Related subsections
What an OTC desk does
An over-the-counter (OTC) desk executes large crypto trades directly with a client instead of on an exchange order book. You ask for a quote — for example to buy USDT in bulk for EUR or to sell USDT for AED — the desk gives one price for the full amount, and both sides settle bilaterally. This avoids slippage, keeps the trade off public order books and usually comes with personal support.
Who uses USDT OTC desks
- PSPs and P2P providers converting merchant settlements or funding payouts.
- Exchangers sourcing inventory for popular directions.
- Merchants and treasuries moving between stablecoins and bank money.
- Teams and traders with volumes too large for P2P marketplaces.
Popular pairs
USDT against USD, EUR and GBP, plus emerging-market currencies where OTC is often the most practical route: INR (INR/USDT OTC), AED, TRY, BRL, MXN, NGN, KES, PHP and others. Settlement may be by bank transfer, local rails or, in some markets, cash.
How to compare OTC desks
- Spread: quoted price against a reference rate; ask whether it is all-in.
- Minimum ticket: many desks start from tens of thousands of USD equivalent; some serve smaller businesses.
- Settlement order and speed: who sends first, typical time to settle, T+0 vs T+1.
- Supported networks and banks: TRC-20, ERC-20 and others; jurisdictions of bank accounts.
- Onboarding: KYB documents, source-of-funds questions, approval time.
- Regulatory status: licences or registrations where the desk operates; see VASP licensing.
- API and RFQ tools for repeat trades.
Reduce counterparty risk
For a new desk, split the first trade into smaller tranches, use a guarantor or escrow where appropriate, and screen wallets with AML & KYT tools.
By country
OTC desks are listed in the UAE, the UK, the US, Singapore, Switzerland, Canada and Australia.
Related
Stablecoin settlement, crypto ↔ fiat exchangers, P2P exchange merchants. Post a request with pair, size and frequency. Nominal hub is a directory and is not an OTC desk.