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HomeNewsTraditional Investors Are Shifting to Over-The-Counter Bitcoin Markets, Suggests Research

Traditional Investors Are Shifting to Over-The-Counter Bitcoin Markets, Suggests Research

Published on Dec. 17, the report notes that the investments in the OTC funds like that offered by Coinbase, a major American cryptocurrency exchange, has observed a marginal growth. The report states that Coinbase outperformed Grayscale’s Bitcoin Investment Trust (GBTC) on OTC markets in terms of BTC trade volume.

Coinbase reportedly saw a 20 % increase in BTC trading volume during OTC markets hours in 2018. Whereas, GBTC saw a 35 % drop in volumes compared with the same period in 2017. The report further elaborates:

Another OTC desk service, virtual currency exchange HodlHodl’s CEO Max Keidun, added that an exponential increase in the large order requests has been recorded in 2018, “doubling month-on-month.” Keidun noted:

Read more: Bitcoin Price Crosses $3500, Jumping More Than 10% On The One Year Anniversary Of $19,000

 

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