Golden Finance reports that the cryptocurrency over-the-counter (OTC) market matured significantly last year, with an annual growth rate of 106%, according to Finery Markets’ 2024 Review Report. The report highlights a dynamic year for institutional and large-scale digital asset trading, driven by key macroeconomic and industry-specific developments, including the launch of Bitcoin and Ethereum exchange-traded funds, crypto-backing Donald Events such as Trump’s election victory and the continued institutionalization of digital assets. OTC transactions are over-the-counter transactions conducted directly between buyers and sellers, usually facilitated by a broker or trading desk. This approach enables institutions and high net worth individuals to conduct large transactions with minimal market impact. “As the industry matures and the stance of traditional financial leaders shifts from skepticism to neutrality or acceptance, institutions either enter the cryptocurrency market or plan acquisitions to build,” the analysts wrote.