While the crypto market has been hit hard recently, there has been a surge in OTC trading orders for digital currencies.
DRW subsidiary cryptocurrency over-the-counter trading platform Cumberland explained that OTC trades tend to see higher volumes when markets are volatile, and yesterday was no exception, Cumberland’s biggest volume so far this year.
In fact, it was 30% higher than the trading volume on May 13. The trading volume is usually dominated by BTC, with Bitcoin accounting for about 75% of over-the-counter transactions, and most of the rest are ETH-related transactions.
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