“We were doing a lot of OTC transactions with various institutional counterparties and many of them were asking us to offer RFQ so they could trade more with us,” Gurevich said via email. “With institutional demand for OTC growing in December, we’ve seen demand accelerate, so we were doing pilots and are launching Beta RFQ now.”

https://www.coindesk.com/lightspeed-pantera-join-20m-raise-for-crypto-market-maker-wintermute