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