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.
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In fact, it was 30% higher than the trading volume on May 13. The trading volume is usually dominated by BTC, with Bitcoin BTC 1.69% accounting for about 75% of over-the-counter transactions, and most of the rest are ETH-related transactions.
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