What are OTC (Over-the-counter) Bitcoin Exchanges?

Over-the-counter (OTC) exchanges are a type of exchange that allows users to trade bitcoin and other cryptocurrencies directly with each other without the need for a central exchange or market maker. Instead, the trades are facilitated by a network of dealers or brokers who act as intermediaries between buyers and sellers. OTC exchanges differ from traditional exchanges, such as Coinbase or Binance, as they are not required to follow the same regulatory rules and are not subject to the same…