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Wall Street Crypto Fever Drives OTC Trading to Double in 2024
The cryptocurrency over-the-counter (OTC) market experienced unprecedented growth in 2024, with trading volumes more than doubling amid strong institutional adoption and favorable market conditions. Total OTC trading volume surged 106% year-over-year, while stablecoin transactions saw an even more dramatic increase of 147%, according to a comprehensive analysis of 4 million spot trades conducted by Finery Markets. The landscape of institutional crypto trading transformed dramatically throughout 2024, culminating in Bitcoin's breakthrough above $100,000 in December. This milestone coincided with the successful launch ... (full story)
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- Posted: Jan 10, 2025 1:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 106
