Over-the-counter (OTC) platforms have been pivotal in stabilizing the cryptocurrency market during recent downturns, according to a report by Finery Markets. These platforms acted as "shock absorbers," curbing volatility and preventing systemic risks from spreading. Unlike centralized exchanges such as Binance, OTC desks offer private, off-exchange liquidity, which helps reduce panic and avoid bank runs by keeping transactions discreet and tailored to individual participants.