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 at Kraken, revealed that its OTC trading volume surged 220% year-on-year. Jake Ostrovskis, an OTC trader at market maker Wintermute, said market activity has notably increased since the election, with some institutional clients who had been preparing for years now officially entering the market.
Embert Lin, a trader at GSR, pointed out that as prices of Bitcoin, Ethereum, and other cryptocurrencies rise, projects and investors are becoming more active in managing funds and risks. Beyond major cryptocurrencies, clients are also beginning to show interest in tokens with ample liquidity such as Solana, BNB, Tron, and Aave. One OTC dealer disclosed that recent trading volumes have reached levels seen during the 2021 bull market.
