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Following the recent U.S. elections, the cryptocurrency market has witnessed substantial changes, particularly in over-the-counter (OTC) trading volumes and individual wealth. Brian Armstrong, CEO of Coinbase, reported earnings of $129 million from stock sales, contributing to a surge in his total holdings to $6.4 billion. Coinbase's market capitalization increased by $21 billion in the wake of the election results. Additionally, Kraken's institutional division noted a 220% year-over-year rise in trading volumes, indicating a robust interest from institutional investors in various altcoins, including Solana and BNB. This uptick in trading activity reflects a broader trend of increased engagement in the crypto market post-election.
OTC Crypto Volumes Surge Post-Election - What’s Driving the Shift? Recent election results are shaking up the crypto space, with OTC trading volumes jumping 220% YoY at Kraken. The big players aren’t just sticking to Bitcoin and Ethereum anymore - altcoins like Solana and BNB… https://t.co/E6Ti3Bx2I1
Election Shockwaves Fuel Massive Crypto OTC Action OTC trading in crypto is popping off - Kraken reports a 220% YoY surge in volumes, with institutions diving into altcoins like Solana, BNB, and Aave. Post-election vibes have traders moving fast, with BitGo seeing two-thirds of… https://t.co/jt4r7GcD3Q
#CMCNews: Crypto OTC trading surges amid election results and price gains. https://t.co/phEHZbPnGG
