20181112-Real Crypto Volume 2X Larger than Reported


Altcoin Daily （Bitcoin OTC Trading Confirmed）:
Real Crypto Volume 2 X Larger than Reported-

Cryptocurrency market data providers like CoinMarketCap, CryptoCompare, and CoinCap report the daily trading volume of major cryptocurrencies and the entire crypto market based on the volumes recorded by exchanges like Binance.

Earlier this year, several research firms including TABB Group, an international research company, reported that the over-the-counter (OTC) market, where large institutional investors tend to trade, is at least two times larger than the cryptocurrency exchange market.
Eric Wall, a cryptocurrency researcher, said at the time:
“Just read an estimate from the TABB Group (in a $5,000 report) that OTC crypto markets exceed exchange volumes by 2-3x. That would mean 1 to 1.5 million BTC is traded OTC daily. Strange it’s not visible on the blockchain, which shows a meager 100,000 a day.”

Binance CEO , Changpeng Zhao noted that the OTC market is estimated to be at least as large as the live recorded volumes of exchanges and as such, the actual trading volume of the crypto market is twice the size of the current volume. As of November, the daily trading volume of the crypto market is estimated to be around $11.7 billion, down quite substantially from January. Still, if the OTC market is about the same size as the cryptocurrency exchange market, the real volume of the crypto market adds up to around $23.4 billion.


In the months to come, with several positive developments down the line such as Bakkt, CZ noted that a catalyst could trigger the market to move. While it is hard to predict, he emphasized a rally will likely happen “sooner or later, something will trigger it.”

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