Over-the-counter (OTC) platforms played a crucial role in stabilizing the cryptocurrency market during the recent crash, according to a report by Finery Markets. These platforms acted as 'shock absorbers,' providing off-exchange liquidity that helped curb volatility and prevent systemic risk. By offering customized, private trading environments, OTC desks reduced the likelihood of panic-driven scenarios akin to bank runs, which are often triggered by public order book fluctuations.