CryptoQuant: Coinbase Prime's off exchange Bitcoin trading significantly increases

Odaily Planet Daily News: CryptoQuant analysts have found a significant increase in over-the-counter (OTC) trading activity on Coinbase Prime, indicating an increase in the number of institutional investors using OTC trading channels to accumulate Bitcoin. CryptoQuant CEO Ki Young Ju explained, "When the inflow of funds from Coinbase Prime Brokerage Service, the preferred Bitcoin buying channel for US institutions, significantly increases, it indicates that multiple over-the-counter (OTC) transactions are currently taking place and institutions are more willing to engage in OTC trading （TheBlock）