Diar Report:Traditional Investor Are Shifting to Over-The-Counter Bitcoin Market

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In a recent report published Dec. 17, research firm Diar has found that institutional investors have shifted towards higher liquidity over-the-counter (OTC) physical Bitcoin (BTC) markets.

The findings show that digital exchange Coinbase has more bitcoin trading volume than Grayscale's bitcoin investment trust on the OTC markets. Also to be considered is that the OTC markets are only open for trading 31% of the yearly tradeable hours.

In the first three quarters of 2018, Grayscale reportedly registered $216 million in net inflows into its Bitcoin Investment Trust. The platform gained over 1% of Bitcoin’s circulating supply, now holding over 203,000 BTC.

Coinbase reportedly saw a 20 % increase in BTC trading volume during OTC markets hours in 2018. Whereas, GBTC saw a 35 % drop in volumes compared with the same period in 2017. The report further elaborates:

“With no time stop on trading, institutions and big money would require access around the clock from fears...

Read More: https://bitzamp.com/diar-report-traditional-investors-are-shifting-to-over-the-counter-bitcoin-markets/