Several crypto trading firms have recently reported that over the counter (OTC) trading volumes have skyrocketed in recent months, with the election results being an important driver. "Over the counter is very active right now, with trading volumes surging along with prices," said Tim Ogilvie, head of institutional business at Kraken Exchange. He revealed that Kraken's over the counter volume has seen a significant increase of 220% year-on-year, with other trading firms reporting similar increases. Jake Ostrovskis, over the counter at market maker Wintermute, noted that the market was relatively calm in the middle of the year, but as the election approached and prices rose, market participants began to actively prepare for the election results. He said that Wintermute has been negotiating with some clients for many years, and the election results have become an opportunity for them to start trading. Similarly, Embert Lin, a trader at market maker GSR, said that since the election, the company's trading volume has increased significantly. With the rise in the prices of Bitcoin, Ethereum and counterfeit products, projects and investors are significantly more motivated to manage money and risk at these prices, while also looking for new opportunities to access other cryptoassets beyond BTC and ETH. A trader at an over the counter firm privately revealed that recent trading volumes have easily reached the levels seen during the peak of the cryptocurrency market in 2021. Additionally, Brett Reeves, head of Go Network at cryptocurrency custodian BitGo, pointed to the election results as a major driver of the recent surge in trading volumes, with two-thirds of the volume generated within three months of the election results being announced.