Analysis of OTC Crypto Spot Transaction Volume Growth in H1 2024
Wednesday, 17 July 2024, 16:10
Overview of Transaction Volume Growth
The Finery Markets team analyzed data from over two million *spot trades* conducted by institutions in the first half of 2024.
Key Findings
- The OTC crypto spot transaction volume experienced a *95% increase*.
- This growth is mainly driven by heightened *institutional interest*.
- The trend indicates a potential shift in market dynamics.
Conclusion
The remarkable growth in OTC crypto spot transactions signals a turning point for the market, as *institutional investors* continue to demonstrate increasing confidence in cryptocurrencies. This emerging trend is likely to influence future market developments.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.