An OTC broker, or over-the-counter broker, facilitates cryptocurrency transactions that occur directly between parties rather than through a traditional exchange. This method is often used for trading large amounts of assets, helping to minimize the market impact that such trades might have if conducted on an exchange.OTC brokers provide a range of services, including price negotiation, trade execution, and settlement. They typically maintain relationships with various liquidity providers, allowing them to offer competitive rates and ensure that trades can be executed efficiently.Traders, especially institutional investors, prefer using OTC brokers to maintain privacy and discretion, as unwanted attention can arise from large trades. Additionally, these brokers often provide personalized support and guidance, helping clients navigate the complexities of large transactions.Using an OTC broker can lead to more favorable pricing and better execution than public exchanges, which might experience slippage or volatility during high-volume trading periods. Overall, OTC brokers serve as a crucial link for those looking to trade significant sums of cryptocurrency with minimal hassle.