OTC desks
Large crypto ↔ fiat deals off-exchange.
NBX
NBX is a cryptocurrency exchange with fiat trading pairs, focused on Norway. The official site presents OTC and recurring purchases, and client assets sit in a…
MHC Digital Group
MHC Digital Group presents, through its MHC Markets business, an Australian OTC desk for wholesale investors, family offices, corporates and funds. It also…
M2
M2 is a digital asset platform for institutional clients, high-net-worth individuals, family offices and Bitcoin miners. Its main current site offers OTC and…
Luno
Luno is a cryptocurrency platform with a simple buy-and-sell flow and a separate exchange for active trading. It also offers OTC, an API and corporate…
Stormrake
Stormrake is an Australian crypto broker that aggregates institutional liquidity from global OTC desks and offers a fixed price before a trade is confirmed. It…
Stillman Digital
Stillman Digital is an institutional provider of spot OTC liquidity, electronic execution and market making. It is part of DeFi Technologies Inc. and operates…
sFOX
sFOX is an institutional crypto prime broker founded in 2014. It aggregates liquidity from more than 40 venues and counterparties and combines execution, a…
SCRYPT
SCRYPT serves payment companies, banks and institutional trading firms in fiat, stablecoins and digital assets. It operates as an institutional OTC and API…
Safello
Safello runs an OTC service for large cryptocurrency orders with personal support. It works as a broker and personal dealing desk for retail and business…
Relai
Relai is a Bitcoin-only service that lets customers buy and sell BTC through an app, with delivery to the user's own wallet. The company works as a broker and…
Quidax
Quidax offers a stablecoin API for fintechs, wallets and neobanks, connecting dollar digital assets with African currencies. Its institutional line covers…
OVEX
OVEX is a crypto platform with an OTC desk for institutional and large private clients in Africa. It offers BTC/ZAR and crypto-to-crypto pairs, with personal…
OKX
OKX is a centralized exchange that combines spot trading, conversion and a P2P marketplace. Its official site presents P2P, OTC, Spot and Convert / Swap…
Nexo
Nexo is a digital asset platform that handles buying, selling and converting cryptocurrency, with BTC, ETH and USDC among the listed assets. Availability of a…
Netcoins
Netcoins is a crypto trading service that works through a web platform and a mobile app. It lets customers buy and sell cryptocurrency for fiat, with BTC, ETH…
K33
K33 is a Norwegian crypto broker and institutional trading business based in Oslo. It operates as a broker and personal dealing desk for retail and corporate…
Itez
Itez provides embeddable fiat-to-crypto services, a crypto payment gateway and OTC for businesses, working as a retail on- and off-ramp with B2B integration…
Independent Reserve
Independent Reserve is a cryptocurrency exchange serving individuals, companies, institutions, trusts and family offices, with a separate OTC desk for large…
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.