OTC desks
Large crypto ↔ fiat deals off-exchange.
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Companies
All 107Rain
Rain is a crypto platform from Bahrain, founded in 2017, with retail buying and selling, a professional tier called Rain Pro and an OTC service. Support is…
Satstreet
Satstreet is a Canadian OTC desk that provides personal execution of bitcoin and digital-asset trades. It is operated by Satstreet Inc. Services The desk…
Wintermute
Wintermute is an algorithmic digital asset liquidity provider with an OTC desk for spot and derivatives. It also provides market making for token projects and…
Wincent
Wincent is an algorithmic market maker for digital assets that provides liquidity on exchanges and OTC venues. The company publicly states coverage of more…
Ripple
Ripple Prime, formerly Hidden Road, provides institutional clearing and portfolio financing through a single counterparty. A single supported collateral pool…
QCP
QCP is an institutional digital trading partner that has operated since 2017. Through its OTC desk it brings together a network of liquidity providers and…
Upcoming events: OTC desks
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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.