Crypto trading firm Wintermute has reported a 240% increase in activity from traditional finance firms on its OTC trading desk. This surge in interest from institutional players is attributed to their increasing demand for off-exchange liquidity and a preference for efficient, discreet trades. The report also highlights the shift in focus among traditional finance institutions towards alternative crypto segments such as "memecoins" and "currency networks," which experienced significant growth. As traditional financial institutions solidify their presence in the OTC market, crypto-native firms are facing mounting pressure and declining market shares.



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