As of December 31, 2023, a total of 12,345 companies are listed in the US OTC market, and the number of new OTCQX and OTCQB companies has reached 274. In 2023, the transaction amount will reach 386 billion US dollars (while the annual trading volume of the domestic market will be 8.5 billion US dollars and the annual trading volume of the Beijing Stock Exchange will be 100 billion US dollars). For the whole year of 2023, 12 companies will transfer from OTC to NASDAQ, and 4 companies will transfer from OTC to the New York Stock Exchange (NYSE MKT). In 2023, the OTCQX turnover will be $78.6 billion, and the OTCQB turnover will be 50$200 million, and the turnover of otcpink exceeded $300 billion.
In 2023, due to corporate compliance issues, 34% of companies will appear on the exchange's violation list after completing their IPOs. On 28 September 2021, amended SEC Rule 15C2-11 came into effect, setting minimum public disclosure standards for broker-dealers**. These changes have created more transparency for investors, while also significantly increasing the number of people around the world. Combined with the US Exchange Commission (SEC) exemption from 12G3-2(B), OTC Markets simplifies access to the public markets for companies currently meeting their disclosure obligations.
On May 5, 2023, OTC Markets received approval from FINRA to allow broker-dealers to trade digital assets on OTC Link ATS**.
OTC Markets' key market data is used by 65+ brokerage firms to assess risk and develop policies for trading over 12,000**. The market layer, risk scoring data, and trading activity are the key data points that OTC markets distribute to major financial institutions.