Research
Field notes on crypto payments.
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The State of the Crypto OTC Market
How large digital-asset trades actually clear in 2026: who provides the liquidity, how a block is priced and settled, what the new rulebook requires, and why the binding constraint has shifted from access to aggregation.
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The State of Crypto Payments, June 2026
From a checkbox in Shopify to eight-figure OTC fills: how digital-dollar payments actually work now, who is using them, and where they quietly break.