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OTC Trading Platform Genesis' Spot Trading Volume Hits A Record High

Mary Liu

Summary: According to The Block, Genesis Trading, a global leader in institutional digital asset markets and digital currency prime brokerage services reached a $600 million spot trading volume last week, a record high. CEO Michael Moro said that “there are more buyers than sellers,” and the platform observed more institutional buying than the same activities during the ...

According to The Block, Genesis Trading, a global leader in institutional digital asset markets and digital currency prime brokerage services reached a $600 million spot trading volume last week, a record high. CEO Michael Moro said that “there are more buyers than sellers,” and the platform observed more institutional buying than the same activities during the 2017 bull market. Further, the large-scale sell-off on Thanksgiving morning provided a good opportunity for betting on long positions, institutions continued to buy Bitcoin spot and call options.

By Mary Liu

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