OTC Markets Provided Stability During Crypto Crash

Fluctuations in the Crypto Market

Bitcoin's value significantly dropped on Friday evening. This decline led to wide-ranging losses in altcoins, as well as serious volatility experienced in USDe and wBETH.

The Role of OTC Markets

According to a statement by Finery Markets, over-the-counter (OTC) markets played a crucial role during this crash. OTC desks acted as a buffer for market fluctuations, taking on the responsibility of limiting large-scale systemic risks.

Increase in Trading Volume

Finery Markets reported a significant increase in trading volume in private OTC rooms. This situation indicates that investors are seeking safe havens in the face of uncertainties in the crypto market.