According to ChainCatcher, Finery Markets recently reported that in the first half of 2024, spot trading volume in the OTC institutional cryptocurrency market increased by 95% year-on-year.

The Finery Markets team analyzed data from 2 million spot trades in the first half of 2024 and compared it with the same period in 2023. Reasons for the growth include the approval of spot Bitcoin ETFs and increased institutional participation.