📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Report: Driven by Trump's victory and institutional demand, the volume of off-exchange transactions in cryptocurrencies will soar by more than 100% in 2024.
According to Finery Markets' 2024 review report, the OTC market for cryptocurrencies has matured significantly last year, with a growth rate of 106%. The report emphasizes that it was a vibrant year for institutional and large-scale digital asset trading, driven by key macroeconomic and industry-specific developments. These developments include the launch of BTC and Ethereum exchange-traded funds, support for cryptocurrencies by Donald Trump's election victory, and the ongoing institutionalization of digital assets. OTC trading refers to off-exchange transactions conducted directly between buyers and sellers, usually facilitated by brokers or trading desks. This method allows institutions and high-net-worth individuals to make large transactions with minimal market impact. Analysts wrote, 'As the industry matures, the stance of traditional financial leaders has shifted from skepticism to neutrality or acceptance, with institutions either entering the cryptocurrency market or planning acquisitions for development.'