Okcoin Reports 125% Jump in Institutional Crypto Trading

Okcoin Reports 125% Jump in Institutional Crypto Trading

-Okcoin reported a 125% increase in institutional trading volume from Q1 to Q2 2022
-Okcoin’s clientele grew by 13% in Q2 and by 28% in the first half of 2022
-Stablecoins were the most popular among institutions in Q2, with purchases of USDT increasing by 116% and USDC increasing by 47% from Q1
-In the first half of 2022, stablecoins accounted for 33% of asset buys and bitcoin for 40%
-Institutions held outsized BTC positions during the 2018 bear market

 

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