ChainCatcher news, reported by The Block, multiple cryptocurrency trading institutions have reported a significant increase in over-the-counter (OTC) trading. Kraken's institutional business head Tim Ogilvie revealed that their 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 elections, with some institutional clients that have been in the works for years now officially entering the market.
GSR trader Embert Lin pointed out that with the rise in prices of Bitcoin, Ethereum, and other cryptocurrencies, project parties and investors are more actively managing funds and risks. In addition to mainstream coins, clients have also begun 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 the levels seen during the bull market of 2021.
