OTC desks
Large crypto ↔ fiat deals off-exchange.
Coinbase
Coinbase is a centralised exchange covering retail crypto purchases, Advanced Trade and the institutional Prime service. Retail users trade crypto for crypto…
CEX.IO
CEX.IO offers crypto purchases, a spot exchange and fiat payments. Its website presents P2P, Spot and Convert / Swap, and a separate institutional product…
Caleb & Brown
Caleb & Brown is a cryptocurrency broker that executes client orders through OTC desks, institutional liquidity providers and exchanges. It works as a personal…
Bybit
Bybit is a centralised spot exchange with separate P2P and OTC directions. Besides exchange trading, it has a confirmed P2P section where users trade with each…
Buda.com
Buda.com is a regional crypto exchange for buying and selling digital assets in Chile, Peru and Colombia. Besides the retail interface, it offers corporate…
BTC Markets
BTC Markets is an Australian digital asset exchange operating since 2013. Alongside retail trading, the website offers an OTC desk, SMSF accounts, an API and a…
BTC Direct
BTC Direct operates a private trading desk that provides personal OTC execution of large cryptocurrency deals. It works as a broker and personal dealing desk…
Bity
Bity is a Swiss brokerage and execution desk for larger crypto transactions rather than a mass automatic exchanger. It was founded in 2014 and serves private…
Bitstamp
Bitstamp is a spot exchange for cryptocurrencies and fiat pairs, part of Robinhood. Customers hold balances in custodial exchange accounts, and the exchange…
Bitso
Bitso is a Latin American crypto platform with a retail app and corporate services. It lists BTC, ETH, XRP, SOL, DOGE, ADA, USDT and USDC. Recent official…
Bitpanda
Bitpanda is a European provider of crypto buying and selling and of infrastructure for financial companies. Its consumer side supports convert and swap…
Bitonic
Bitonic is a Dutch bitcoin provider run by Bitonic B.V. in Amsterdam. It acts as a broker and personal dealing desk for retail and business clients, and its…
BitOasis
BitOasis is a regional crypto platform serving the MENA market, with updated terms in 2026 and public customer support. The official FAQ describes Mubashir, a…
Bitfinex
Bitfinex is a centralised crypto exchange that also runs OTC services. The operating entity is iFinex Inc., and customers hold balances in custodial exchange…
Bitcoin Well
Bitcoin Well is a Canadian company that sells bitcoin through ATMs and online. Customers deposit Canadian cash at a machine to buy BTC and, for verified…
Bitcoin Suisse
Bitcoin Suisse is a Swiss provider of digital-asset execution, custody and brokerage for institutional and corporate clients, founded in 2013 and based in Zug…
Bitaroo
Bitaroo is an Australian platform that deals only in Bitcoin, offering buying, trading and storage. Accounts are available to individuals, companies, trusts…
Binance
Binance is a centralised crypto exchange offering spot trading, conversion and a separate peer-to-peer market, alongside institutional services 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.