Compare institutional crypto rails across vetted providers

What is an OTC Desk?

An Over-The-Counter (OTC) desk facilitates large cryptocurrency trades directly between parties, outside of public exchanges. OTC desks are ideal for institutional clients who need to execute large trades ($100k+) without impacting market prices.

When to use an OTC desk vs. pro exchange account: Choose an OTC desk when your trade size is large enough that executing on an exchange would cause significant slippage (typically $100k+). Use a pro exchange account for smaller institutional trades or when you need access to advanced trading tools and APIs.

On/Off-Ramp vs. PSP vs. Exchange

On/Off-Ramp: Services that convert between fiat currency and cryptocurrency. Optimized for businesses that need to move between traditional banking and crypto rails.

Payment Service Provider (PSP): Integrates crypto payment capabilities into your business operations. Handles compliance, settlement, and conversion automatically.

Exchange: Trading platform where you can buy/sell crypto at market prices. Pro accounts offer API access, lower fees, and institutional support.

KYC/KYB, Travel Rule & Restricted Jurisdictions

KYC (Know Your Customer) / KYB (Know Your Business): Identity verification processes required by regulated providers. Institutional KYB typically requires corporate documentation, beneficial ownership information, and source of funds verification.

Travel Rule: FATF guidance requiring Virtual Asset Service Providers (VASPs) to share sender and receiver information for transactions above certain thresholds (typically $1,000 USD).

Restricted Jurisdictions: Most providers cannot serve clients from sanctioned countries or regions with unclear regulatory frameworks. Common restrictions include: OFAC sanctioned countries, high-risk jurisdictions identified by FATF, and regions without clear crypto regulatory frameworks.