In Q1 2024, the global traditional OTC market saw a 19% growth in trading volume compared to the same period in 2023, reaching $113 billion with an average daily trading volume of $1.85 billion. The OTC crypto market, in particular, experienced a boom, with daily trading on OTC desks reaching $1.4 billion in 2023 compared to $74 million on centralized exchanges. Wintermute, one of the leading market makers, reflected this trend with a fourfold increase in OTC trading activities from 2022 to 2023. Additionally, 93.33% of OTC desks in 2023 reported no decline in client numbers compared to 2022, highlighting the expanding role of this sector in the financial market.
Seizing this trend, Unich Labs – a global technology company specializing in blockchain – has recently announced receiving $2 million in developing the Unich OTC Trading Platform. With a team of over 20 experienced experts in the cryptocurrency field, the project aims to provide advanced and transparent digital asset trading solutions for global users.
Unich is designed to facilitate peer-to-peer trading of digital assets, ensuring transparency and freedom. The OTC trading platform is built on Solana, using smart contracts to ensure safe and efficient transactions, setting a new standard in the market. This approach is expected to transform the decentralized OTC trading market, making it more convenient and accessible for all users.
Unich is preparing to launch a decentralized application (Dapp) in August, featuring three main services: Pre-Market OTC, Point-Market OTC, and Options OTC Market. Additionally, Freedom OTC Market is in development. Unich also plans to expand its product offerings in the future, including Whitelist-OTC Market, Vesting-OTC Market, AI Trading Assistant, DEXs, and CEXs. These initiatives aim to broaden services and meet the diverse needs of users.
Currently, Unich has an Airdrop Campaign where users can earn rewards through the FD Point system. This is a key metric to measure user contributions and distribute rewards fairly, ensuring every user is valued. The Airdrop program not only recognizes loyal users but also encourages long-term engagement, enriching the overall user experience. For more details, you can visit here. After earning FD Points from this event, you can convert them into $UN – Unich native token in the future.
With an experienced development team, Unich is on its way to becoming one of the leading OTC trading platforms, bringing transparency and efficiency to users in the cryptocurrency market. Readers can learn more about the project here: https://unich.com/
