In the morning, I talked about a market maker who does OTC for institutions and family offices, and last year I made a net profit of $150 million from this business.
The biggest demand in the first half of the year is to help customers find a desire to sell BTC in large amounts. This month, the biggest demand has become to help customers find a large amount of ETH to sell.
Due to the surge in over-the-counter demand, the internal belief is that the net profit of this business is expected to double this year.
Evgeny Gaevoy, founder of Wintermute, one of the largest market makers in the cryptocurrency circle, said that there is almost no ETH available for sale on the OTC platform it provides to institutions and large investors.
Understand these buyers, don't want to buy a large amount of a pin on Binance, Coinbase, the slippage is too high, but now it has reached the level of crowded trading.
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