Institutions Dominate Crypto OTC Flow

Institutions are now driving 72% of crypto's over-the-counter (OTC) flow, according to data from Wintermute.

The OTC market is a significant part of the cryptocurrency ecosystem, allowing large institutions and traders to buy and sell cryptocurrencies outside of traditional exchanges. Wintermute's data shows that institutional participation has increased significantly in recent times, with 72% of OTC trades now coming from these entities.

This shift towards institutional dominance in the OTC market could have significant implications for the wider cryptocurrency industry. As institutions become more involved, it may lead to greater liquidity and stability in the markets, but also raises concerns about regulatory oversight and potential manipulation.