OTC trading desks
USE CASE · GLOBAL VIEW177 providers execute OTC trades on stablecoin rails. This is the global ranking. Narrow to a country or a corridor below — the shortlist changes between markets.
177 providers execute OTC trades, at a median all-in cost of 0.10%. There is no single best provider: coverage and price change by corridor, so filter to your route before comparing. Send an enquiry when you already know the markets you need.
Which of the 273 otc desks routes is yours
OTC trading desks lists 177 providers and 273 published destination markets. The provider ranking changes completely between routes, so the corridor page, not this index, is where the useful comparison happens.
What this index is good for is spotting where a route is cheap because it is competitive, and where it is cheap because it is thin. United States → Singapore sits at 0.6% with 12 providers. Provider count beside the median is the signal to read.
Where this use case is competitive, and where it is thin
Top routes by provider count, with the median beside it so you can tell competitive from unmeasured.
OTC desks on stablecoin rails, answered
From buyer questions about this use case. Marked up as FAQPage.
The 177 provider count at the top of this page is the least useful number on it. On any single country pair the figure that can actually serve you is usually under ten, and on thin routes the published median is set by two or three quotes. Always read provider count beside the median — under five, treat the price as indicative.