According to Deep Tide TechFlow news on December 26, as reported by The Block, several cryptocurrency trading institutions have reported significant growth in over-the-counter (OTC) business. Tim Ogilvie, head of institutional business at Kraken, revealed that its OTC trading volume has increased by 220% year-on-year. Jake Ostrovskis, an OTC trader at market maker Wintermute, stated that market activity has significantly increased since the election, and some institutional clients that have been in the pipeline for years have begun to formally trade.
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 focus on tokens with sufficient liquidity, such as Solana, BNB, Tron, and Aave. An OTC trader revealed that recent trading volumes have reached levels seen during the bull market of 2021.
