The volume of trading for OTC trading (OTC) Trade Circle in 2018 amounted to $24 billion. About the company Circle said in its official blog on Medium.
According to published data, over the past year, the Circle held on the OTC site 10,000 transactions, involving 600 different contractors. This is the number of transactions provided all of the specified volume. This fact, according to the company, indicates that Circle Trade became the main supplier of liquidity for the whole cryptocurrency ecosystem.
To date, the Circle has more than 1,000 institutional clients, including exchanges, various cryptocurrency projects, OTC platforms, companies, asset managers, and funds.
“This year we expect further growth in the adoption of cryptocurrencies institutional investors, which will provide stabilini, new solutions for storage assets, increased regulatory clarity (especially in the USA) and innovation in the core cryptocurrency infrastructure”, — said the representatives of the Circle.
Institutional investors choose off-exchange trading, probably because it enables them to exchange value directly with each other, without any intermediaries, for example, cryptocurrency exchanges. So for the last year sites like Circle Trade became popular among large organizations. So, according to the survey of Digital Assets and Research TABB Group in April last year the daily trading volume on the OTC market amounted to almost $30 billion. Analysts have concluded that this is the result of entering the OTC market of hedge funds and miners.
Answering the demand in November for its platform for OTC trading have opened one of the largest cryptocurrency exchanges Coinbase. On the OTC market, the platform has become more popular GBTC financial instruments essentially shares bitcoin (BTC).
Many experts and businessmen predict a rush of institutional investors into the cryptocurrency market in the coming 2019. This, in particular, one of the leaders of the auditing and consulting company PricewaterhouseCoopers (PwC) Henry Arslanian (Henri Arslanian).