CoinVoice has recently learned that several cryptocurrency trading institutions have reported a significant increase in over-the-counter (OTC) trading activity, according to The Block. 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 elections, and some institutional clients that have been preparing for years have begun to officially enter the market.
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 cryptocurrencies, 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 2021 bull market. [Original link]
