Odaily Planet Daily News: Major cryptocurrency trading companies have reported a rapid increase in OTC trading volumes over the past few months, with election results being a key driving factor. Tim Ogilvie, head of institutional at Kraken, stated: "OTC is now thriving, prices are rising, and trading volumes have also significantly increased." Ogilvie noted that Kraken's OTC trading volume has grown by 220% year-on-year, with other cryptocurrency trading companies experiencing similar growth. Jake Ostrovskis, an OTC trader at market-making firm Wintermute, said that the market remained calm until mid-year when prices began to rise ahead of the election, as market participants sought to prepare for the outcome. He pointed out that Wintermute has been in discussions with some clients for years, who see the election as the green light to start trading. Embert Lin, a trader at market-making firm GSR, mentioned that since the election, the company's trading volume has also significantly increased, "As BTC/ETH and altcoins rise, projects and investors are becoming more active in managing funds and risks at these levels, with institutions and others looking for new opportunities and ways to gain investment opportunities beyond BTC and ETH." Brett Reeves, head of Go Network at BitGo, stated that the U.S. election has been a major driver of recent trading volume growth, with two-thirds of the company's trading volume coming from the past three months due to the election results. Additionally, OTC clients are starting to venture further into more cryptocurrencies as long as they have sufficient liquidity. "It may be generally perceived in the OTC market that people are willing to take on more risks. We've seen this from two aspects. One is direct buying, but we also see people stepping out of the risk curve. They start with Bitcoin, then move to Ethereum, and then maybe to some altcoins," Ogilvie added, noting that SOL has seen significant trading volumes in recent months. (The Block)