Report: In the first half of 2024, the over-the-counter trading institutions' cryptocurrency spot trading volume increased by 95% year-on-year
ChainCatcher news, according to Bitcoin.com, a recent report from Finery Markets shows that in the first half of 2024, the spot trading volume in the over-the-counter (OTC) institutional cryptocurrency market has significantly increased, with a year-on-year growth of 95%.
The Finery Markets team analyzed data from 2 million spot trades conducted by institutions in the first half of 2024 and compared it to the same period in 2023. This strong growth is attributed to several factors, including the approval of spot Bitcoin exchange-traded funds (ETFs) and increased institutional participation in the cryptocurrency market.
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