Record $75B Flows into China’s OTC Crypto Market as Stocks and Property Decline: Bloomberg

China’s over-the-counter (OTC) cryptocurrency brokers are seeing record inflows as investors look for alternatives to weak stock and property markets in a slowing economy. According to a recent report by Suvashree Ghosh for Bloomberg, citing a study by Chainalysis Inc., OTC brokers received over $20 billion in each of the first three quarters of 2024,

Source: CryptoGlobe