According to River Financial, an OTC desk acts as a dealer for traders looking to trade a given asset which could be securities, currencies, etc. They are usually used when a given trade is impossible on centralized exchanges.
CryptoSlate’s analysis showed that the seven-day moving average for total transfers to OTC desk wallets is now close to 2018 lows. OTC trades peaked during covid 19 pandemic when BTC was trading at around $3000.
Since then, the 7-Day moving average for OTC desk inflows has fallen and is now approaching a year-to-date (YTD) low.
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