![Market Maker Wintermute Says Crypto OTC Volumes Increased 400% in Tyler Spalding, CEO / Co-Founder, Flexa, 2Chainz and Zack Seward, Deputy Editor-in-Chief, CoinDesk](https://btcusa.com/wp-content/uploads/2024/01/Market-Maker-Wintermute-Says-Crypto-OTC-Volumes-Increased-400-in-678x381.png)
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“The developments in the space at the end of 2022 left the whole industry facing a challenging outlook. Markets slowed down, liquidity dried up, and we observed volumes starting to shift from exchanges to OTC,” Evgeny Gaevoy, CEO and Co-Founder of Wintermute Group, said in the report.
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