OTC desks
Large crypto ↔ fiat deals off-exchange.
Hyphe
Hyphe gives regulated financial institutions direct API access to cryptocurrency liquidity, with settlement in euros. Its legal entity is Hyphe Markets GmbH…
HoneyCoin
HoneyCoin is a financial services aggregator for businesses and banks that receive and send payments, exchange currencies and manage corporate accounts. It…
Hex Trust
Hex Trust is an institutional digital asset provider, founded in 2018, that combines regulated custody with OTC execution, fiat ramping and secured lending…
HashKey
HashKey is a Hong Kong-founded digital asset group with exchange and OTC businesses in several regions. The licensed exchange arm is described as HashKey…
Gemini
Gemini is a centralized crypto exchange that pairs the ActiveTrader trading interface with separate custody and OTC services. Its institutional arm also runs…
GCEX
GCEX is an institutional provider of crypto and FX liquidity that aggregates quotes from selected liquidity providers and offers fiat settlement through OTC…
Foxbit
Foxbit is a Brazilian platform for buying, selling and exchanging crypto assets, serving individuals and companies. It has operated since 2014, and the…
Firi
Firi is a Scandinavian service for buying and selling cryptocurrencies. The official website presents recurring purchases, and the service is classed as a…
FinchTrade
FinchTrade is a Swiss institutional OTC provider that aggregates liquidity from exchanges and OTC counterparties, with RFQ through a GUI and an API. It…
Enigma Securities
Enigma Securities is an OTC desk for professional investors with access to more than 200 cryptocurrency pairs and execution by voice and chat. It also provides…
DV Chain
DV Chain is a cryptocurrency liquidity provider founded in 2016 that trades for its own account with institutional counterparties, exchanges and traders…
Crypto.com
Crypto.com is a cryptocurrency app and exchange that lets users buy crypto with fiat money. It operates as a centralized exchange with custodial accounts…
Coinsquare
Coinsquare is a Toronto-based crypto platform. Its OTC desk takes orders by voice or message and executes them as principal. The address given is 371 Front…
CoinSpot
CoinSpot is an Australian platform for buying, selling and exchanging cryptocurrencies, founded in 2013. It supports BTC, ETH, LTC, SOL, XLM, USDT and XRP, and…
Coinmotion
Coinmotion operates as a broker and personal dealing desk for retail and business clients, with fiat to crypto exchange and BTC named among the assets. The…
CoinMENA
CoinMENA is a regional crypto exchange offering buying and selling through bank transfers and cards, together with spot and limit trading and an OTC desk…
CoinJar
CoinJar is a crypto platform that combines a wallet, instant swaps and a separate exchange called CoinJar Exchange. It was founded in 2013, and which services…
CoinFlip
CoinFlip operates a network of cryptocurrency ATMs in the United States where customers buy bitcoin with physical cash and, at supported locations, sell it for…
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.