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Off-Exchange Volume

Definition

Off-exchange volume refers to the total value of digital asset transactions that occur outside of centralized cryptocurrency exchanges. These trades typically take place through over-the-counter (OTC) desks, peer-to-peer platforms, or directly between large institutional parties. Such transactions are not publicly recorded on order books, distinguishing them from exchange-based trading activity. Off-exchange volume often involves significant block trades, catering to participants seeking minimal market impact.