The cryptocurrency over the counter (OTC) market matured significantly last year, with an annual growth rate of 106 percent, according to Finery Markets' Year in Review 2024 report. The report highlights a dynamic year for institutional and large-scale digital asset trading, driven by key macroeconomic and sector-specific developments, including events such as the launch of bitcoin and ethereum exchange-traded funds, the victory of cryptocurrency-backed Donald Trump, and the continued institutionalization of digital assets.
OTC transactions are those conducted directly between buyers and sellers over the counter, often facilitated by brokers or trading desks. This approach enables institutions and high net worth individuals to conduct large transactions with minimal market impact. "As the industry matures and the stance of traditional financial leaders shifts from skeptical to neutral or accepting, institutions either enter the cryptocurrency market or plan acquisitions to build," the analysts wrote.
Report: Driven by Trump victory and institutional demand, crypto surges more than 100% over the counter in 2024
2025-01-13 22:18:53
According finery markets 2024 review reports crypto currency fielddesk3cryptocurrencydesktopCrypto News
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