An OTC desk, or over-the-counter desk, is a service that facilitates the buying and selling of cryptocurrencies directly between parties, rather than through a public exchange. This is especially useful for large transactions that might significantly affect market prices if executed on an exchange.OTC desks cater to institutional investors or high-net-worth individuals who require privacy and discretion when making large trades. They often offer personalized services, including price quotes, liquidity options, and tailored trading conditions.These desks help manage counterparty risk and can provide access to larger volumes than what is typically available on exchanges. This reduces slippage—the difference between the expected price of a trade and the actual price at which it is executed.Some OTC desks are affiliated with exchanges, while others operate independently. In addition to trading, they may offer services such as custody solutions and advice on market strategies. Overall, OTC desks play a crucial role in facilitating large-scale trading in the crypto market.