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Over-the-counter (OTC)

    “Over-the-counter” (OTC) refers to the direct trading between two parties without going through an exchange. An OTC market is a decentralized marketplace without a central location. Rather than using a centralized exchange, participants trade directly with one another in either crypto-to-crypto or crypto-to-fiat transactions. One of the trading parties is typically an OTC desk. OTC markets provide an opportunity to trade assets not yet listed on exchanges or when trading would be too costly to execute on a cryptocurrency exchange due to the large amounts.