Explainer
What is OTC trading?
A short, factual explainer — and how the Xchange360 desk fits in.
What is OTC crypto trading?
OTC (over-the-counter) crypto trading is executing a trade directly with a dealing desk at an agreed price, rather than on a public exchange order book. It’s used for large or sensitive trades, where pushing size through an exchange would move the price against you. The desk quotes a firm price for the full amount and settles bilaterally.
FAQ
Common questions
Why not just use an exchange?
A large order on an exchange eats through the order book and slips the price. An OTC desk prices the whole block at once, sourcing liquidity across venues to avoid that market impact.
Is OTC only for huge trades?
It’s most valuable for size, price certainty or discretion. For small, routine trades a public exchange is usually fine.
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