- Leading institutional trading firm Caladan partners with Finery Markets to capitalize on surging crypto OTC activity, up 112.6% in H1 2025
- Finery Markets' ECN technology provides institutional clients with instant access to Caladan's robust, top-tier liquidity solutions.
Caladan, a leading institutional trading firm with over $170B in annual volume, has selected Finery Markets as its infrastructure partner to rapidly expand institutional access to digital asset liquidity across 35 countries. This strategic move follows the 112.6% surge in global crypto OTC activity during H1 2025, positioning Caladan at the forefront of a fast-growing market segment.
Finery Markets’ technology now underpins institutional-focused liquidity provision for a $170B annual trading volume business across 1,000+ digital assets and 70+ global exchanges. This new alliance positions both firms to capitalize on the burgeoning OTC crypto markets, which in H1 2025 saw a remarkable 112.6% surge in total trades and a 57.6% uptick in total deals, as reported in a recent H1 2025 crypto OTC review by Finery Markets.
Finery Markets is the first—and remains the only—crypto ECN technology provider offering an all-in-one institutional infrastructure with RFQ, order book, and quote stream trading methods in place. Through a streamlined go-to-market setup, Caladan will experience seamless price distribution to institutional counterparties in 35 countries.
Konstantin Shulga, Finery Markets CEO, commented: “We are excited to welcome Caladan to our expanding network. Their blend of deep TradFi expertise and a crypto-native, long-term vision perfectly aligns with our mission to make the digital asset space truly institution-ready. Caladan's strategic global expansion, amplified by positive regulatory tailwinds, marks a pivotal moment, enabling us to collaboratively deploy our institutional-grade technology to accelerate business growth and unlock new opportunities in the OTC crypto markets.
“At Caladan, we’re focused on building the next-generation liquidity infrastructure for institutional crypto trading,” said Julia Zhou, COO at Caladan. “Finery Markets' ECN technology allows us to instantly scale price distribution and deepen our presence across OTC venues globally. This partnership is a deliberate step in our broader expansion strategy to redefine how institutions access reliable, multi-venue digital asset liquidity.”
About Caladan
Caladan brings rationality to strange and unruly markets. We explore the frontier of finance, seek out new opportunities, and make markets more efficient and honest wherever we go. We support exchanges, tokens, and institutional investors with on-exchange liquidity, DeFi expertise, treasury solutions, and investments. Since 2017 we've been a pioneer in crypto market-making, powering over $170B in annual transactions across 1000+ assets.
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