Deep Tide TechFlow news, on December 26, according to The Block, multiple cryptocurrency trading institutions reported significant growth in over-the-counter (OTC) trading. 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 maturing for years have begun to officially enter the market for trading.
GSR trader Embert Lin pointed out that as the prices of Bitcoin, Ethereum, and other cryptocurrencies rise, project parties and investors are becoming more proactive in managing funds and risks. In addition to mainstream coins, clients are also starting to pay attention to 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 bull market of 2021.
