While over-the-counter (OTC) and dark pool trading is a lesser-known\u00a0branch of the crypto tree, this subsector has quickly become a hot topic for institutions with a growing penchant for Bitcoin. Recent data from a leading crypto-centric OTC desk has only corroborated this fact, making it apparent that capital enters cryptocurrencies via mediums other than spot exchanges.<\/p>\n
Genesis Trading, one service provider arm of the Digital Currency Group conglomerate, recently released a year-end report to its clientele via email. Per up-and-coming news outlet The Block<\/a>, which gained access to the message, Genesis, headed by Michael Moro, a former vice president at NASDAQ Private Market (SecondMarket), claimed that its OTC offering saw “tremendous growth” during yesteryear.<\/p>\n The email purportedly claimed that throughout 2018, Genesis posted a 50% year-over-year increase in OTC volumes. No specific figures were released, but taking Genesis’ jaw-dropping, publicly-available figures in other departments<\/a> into account, it can be presumed the firm’s OTC arm is processing hundreds of millions of dollars worth of Bitcoin<\/a> transactions.<\/p>\n year end report came out for genesis. they are reporting OTC volume up over 50% year over year , originated over 1 billion in loans and borrow and are NYDFS complaint (ie bitlicense)… thats pretty impressive.<\/p>\n — IamNomad.sol(ol) (@IamNomad) January 10, 2019<\/a><\/p><\/blockquote>\nRelated Reading:\u00a0Big Institutional Investors are Buying Large Amounts of Bitcoin in OTC Market<\/a><\/h6>\n
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