Crypto’s predictable path from central books to OTC discretion
Demand for bilateral trading as seen in FX is fuelling crypto’s institutional take-up, finds BridgePort
The maturation of any asset class follows a remarkably consistent pattern. From equities to fixed income and foreign exchange, markets typically begin with centralised, transparent order books that facilitate price discovery. But as institutional participation deepens, a parallel universe emerges: the over-the-counter market. This isn’t unique to traditional finance – it’s the inevitable
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