OTC desks
Large crypto ↔ fiat deals off-exchange.
B2C2
B2C2 is an institutional OTC provider of cryptocurrency liquidity, founded in 2015 and operating around the clock. It trades as principal and serves…
Archax
Archax is an institutional digital asset platform based in England that provides brokerage and OTC execution on both principal and agency models. Its coverage…
Aquanow
Aquanow provides institutional digital asset infrastructure and liquidity through an API, a trading platform and an OTC desk. Its clients are banks…
Amdax
Amdax is a Dutch crypto provider that offers over-the-counter trading and algorithmic execution of large orders, with access to liquidity providers. It serves…
AltCoinTrader
AltCoinTrader is a South African crypto asset exchange with an order book and an Easy Buy service for simpler purchases. It trades against the rand and…
1KPrime
1KPrime is an institutional platform that combines over-the-counter trading, stablecoin settlement and fiat movement. The service is also known under the name…
Sygnum
Sygnum Bank AG is a Swiss bank founded in 2018 and supervised by FINMA, built for professional and institutional participants in the digital-asset market. Its…
Swissquote
Swissquote Bank SA is a Swiss bank supervised by FINMA that offers an institutional digital-asset service to banks, brokers, funds, asset managers and…
Orbital
Orbital is a corporate payments and treasury platform that links fiat payment accounts with crypto assets and stablecoins. It is a payment and digital-asset…
OpenPayd
OpenPayd is a payments infrastructure provider for companies and platforms, offering connected accounts, payout automation and an API. It acts as an…
Kraken
Kraken is a crypto platform group whose services span a spot exchange, an OTC desk and a Wyoming-chartered bank. It combines retail and institutional access in…
AMINA Bank
AMINA Bank is a Swiss bank, AMINA Bank AG, based at Kolinplatz 15 in Zug and regulated by FINMA. It was previously known as SEBA Bank. It combines corporate…
Fuze
Fuze is infrastructure for banks, PSPs and businesses that joins stablecoins with fiat payment systems. It covers stablecoin settlement, digital asset and…
StraitsX
StraitsX is Singapore payment infrastructure that connects fiat, its own stablecoins and external blockchains. It was formerly known as Xfers and serves…
TransFi
TransFi provides businesses with international collections, payouts, exchange and stablecoin services through a platform and API. It is positioned as a retail…
Yellow Card
Yellow Card is a business-focused stablecoin infrastructure provider for emerging markets, offering payments, treasury tools and an on/off-ramp. The company is…
BitGo
BitGo is an institutional digital asset platform founded in 2013 and headquartered in the United States. Its US entity BitGo Bank & Trust, National…
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.