ChainCatcher news, according to Bitcoin.com, a recent report from Finery Markets shows that in the first half of 2024, the spot trading volume of the over-the-counter (OTC) institutional cryptocurrency market increased significantly, up 95% year-on-year.

The Finery Markets team analyzed data from 2 million spot transactions conducted by institutions in the first half of 2024 and compared them with the same period in 2023. This strong growth is attributed to several factors, including the approval of spot Bitcoin exchange-traded funds (ETFs) and increased institutional participation in the cryptocurrency market.