OTC trade volumes on Kraken and other crypto exchanges have increased by 220% YoY.
The quantities of current trades are comparable to those witnessed in 2021.
The results of the election, according to leading crypto trading firms, have been a major reason for the dramatic rise in over-the-counter trading volumes throughout the last few months. Head of institutional at crypto exchange Kraken Tim Ogilvie told The Block, “Long story short, OTC is going gangbusters right now.” He went on to say that prices are up, but volume is considerably up as well.
According to Ogilvie, over-the-counter (OTC) trade volumes on Kraken and other crypto exchanges have increased by 220% year-over-year.
US Election Effect
According to Jake Ostrovskis, an over-the-counter trader at market-making business Wintermute, the market remained relatively calm over the middle of the year. However, as we approached the election, prices began to rise, and market players sought to position themselves for
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