Crypto OTC Review: 2024 Results & 2025 Outlook

This review analyzes institutional OTC cryptocurrency market trends using Finery Markets' trading data across 35+ countries.

Key data:

• OTC trading volume: +106% YoY
• Stablecoin transactions: +147% YoY
• BTC share of total OTC trading volumes in 2024: 22%
• Altcoins share of total OTC trading volumes: 29%

2024 marked a record-breaking period for the cryptocurrency market. The crypto OTC market witnessed significant growth, driven by an increasing demand for stablecoins and a notable rise in crypto-to-crypto transactions.

The crypto OTC market remains understudied due to its opaque nature and decentralized data. Finery Markets' 2024 review examines OTC trading patterns, highlighting institutional-scale trends that influence the market.

In 2024, the cryptocurrency OTC market witnessed significant growth, driven by an increasing demand for stablecoins and a notable rise in crypto-to-crypto transactions. The market experienced an impressive annual growth rate of 106%, underscoring a dynamic year for institutional and large-scale digital asset transactions.

Traditional financial (TradFi) leaders shifted their stance from skepticism to neutrality or acceptance as the industry matured, with institutions either entering crypto markets or planning acquisitions to establish market positions.

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