OTC desks
Large crypto ↔ fiat deals off-exchange.
FalconX
FalconX is an institutional digital asset prime broker that, among its trading services, provides collateralised margin loans, OTC credit and financing for…
DWF Labs
DWF Labs arranges bespoke OTC investments and structured token deals for projects after the token generation event (TGE). Its DWF Liquid Markets platform also…
Digi Ex Pro
Digi Ex Pro is a South African OTC desk offering RFQ execution, crypto-to-fiat conversion, settlement and trade reporting for companies and professional…
Cumberland
Cumberland is a principal institutional OTC dealer in digital assets. It provides OTC liquidity in dozens of cryptocurrencies, including stablecoins, with a…
Coinstash
Coinstash is an Australian crypto platform with an OTC desk for large trades quoted individually. According to its public pages, clients can buy USDC and other…
Caladan
Caladan is a global proprietary trading group and a liquidity provider for digital assets. It offers institutional participants exchange market making, OTC…
Blockchain.com
Blockchain.com has an institutional division that provides OTC spot, options, market making and token support. OTC derivatives on BTC and ETH are intended for…
Bitbuy
Bitbuy Alpha provides OTC trading with direct access to a team and support for large settlements. It publishes separate minimums for BTC and ETH and for other…
BIT
BIT is the current brand of the former Matrixport, combining institutional prime brokerage, OTC trading and loans against assets. The public offer includes…
Auros
Auros is a global trading firm that provides OTC liquidity and strategic market making for digital assets. It supports token projects at launch and during the…
Amber Group
Amber Group offers institutional clients and miners round-the-clock lending against digital assets. Terms and amounts on the lending desk are agreed…
Zodia Markets
Zodia Markets is an institutional digital-asset broker offering OTC execution on a matched-principal model and electronic quotes. It converts fiat currencies…
Zerocap
Zerocap is an Australian provider of OTC crypto trading, derivatives and market making. The company also offers custody, treasury and credit solutions, and its…
XBTO
XBTO offers personal OTC execution of digital assets, either on an agency basis or at a risk quote. Trades are agreed through a manager and a dedicated…
Värdex Suisse
Värdex Suisse provides infrastructure for exchanging cash Swiss francs and euros for cryptocurrency through ATMs and partner exchange points. It serves retail…
VALR
VALR is a cryptocurrency exchange with regional services for African markets, and also runs an OTC desk for large trades between crypto assets and fiat. The…
Swyftx
Swyftx is an Australian cryptocurrency platform founded in 2018. It lets clients buy and sell crypto for AUD, NZD and USD and swap assets through Bitcoin…
NDAX
NDAX is a Canadian exchange with cryptocurrency markets in Canadian dollars. The official site presents OTC, and client assets are held in a custodial exchange…
OTC 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.