CryptoQuant: Coinbase Prime’s Bitcoin OTC Trading Increases Significantly

01-18

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Odaily reports that CryptoQuant analysts have found a significant increase in over-the-counter (OTC) trading activity on Coinbase Prime, indicating that institutional investors are accumulating more Bitcoin through OTC channels. CryptoQuant CEO Ki Young Ju explained, "The large inflow of funds into Coinbase Prime Brokerage Service, the preferred Bitcoin purchasing channel for US institutions, suggests that various OTC trades are currently taking place, and institutions are more willing to engage in OTC transactions." ()

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