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Crypto OTC Review: 9 months | Q3 2025

This edition of Finery Markets' OTC Review examines crypto spot trading dynamics between OTC markets and centralized exchanges, studying an unfolding shift in trading activity toward institutional off-exchange execution.

The report benchmarks OTC trading dynamics against the top 20 crypto exchanges, highlighting volume growth, evolving liquidity preferences, and the expanding role of stablecoins in institutional workflows.

For this review, Finery Markets analyzed over 7.1 million institutional spot crypto trades executed on its technology platform during the first nine months of 2025.

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Happy Holidays to all our institutional clients!

Happy Holidays to all our institutional clients!

How DAMEX elevated their client facing operations with FM Liquidity Match

How DAMEX elevated their client facing operations with FM Liquidity Match

The Digest | May 2024

The Digest | May 2024

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