Multiple cryptocurrency trading institutions have reported a surge in OTC trading volume in recent months

2024-12-26 09:22:37

Collection

ChainCatcher news, according to The Block, multiple cryptocurrency trading institutions have reported significant growth in over-the-counter (OTC) business. Kraken's head of institutional business, Tim Ogilvie, revealed that its OTC trading volume has increased by 220% year-on-year. Market maker Wintermute's OTC trader, Jake Ostrovskis, stated that market activity has significantly increased since the election, and some institutional clients that have been brewing for years have begun to officially enter the trading arena.

GSR trader Embert Lin pointed out that as the prices of Bitcoin, Ethereum, and other cryptocurrencies rise, project teams and investors are becoming more proactive in managing funds and risks. In addition to mainstream coins, clients are also starting to pay attention to tokens with ample liquidity, such as Solana, BNB, Tron, and Aave. An OTC trader revealed that recent trading volumes have reached levels seen during the 2021 bull market.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.