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As reported by Wintermute Asset Management Company, the global algorithmic market maker in digital assets, there has been a staggering 240% surge in institutional crypto trading via Over-the-Counter (OTC) platforms in 2024.
This significant uptick in institutional participation is a testament to the growing recognition of cryptocurrencies as an attractive asset class for professional investors. According to Wintermute’s data, the number of trades executed by institutions through their OTC desks has skyrocketed, with a substantial increase in value traded on these platforms.
As the crypto market continues to evolve and mature, we can expect more institutional players to enter the space, further driving growth and adoption of cryptocurrencies as an investment opportunity.
Source: cryptoslate.com
