Over-the-Counter Crypto Trading Fundamentals: Negotiated Block Trades, Settlement Workflows, and Institutional Liquidity Strategies
Introduction
Over-the-counter crypto trading, often shortened to OTC, has become the preferred execution venue for large digital-asset orders that cannot be efficiently filled on public order books without triggering slippage, information leakage, or unwanted market impact. From hedge funds accumulating bitcoin to corporate treasurers unloading tokens after an earn-out, participants