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Crypto OTC review: H1 2025

This special edition of Finery Markets’ OTC Review is dedicated to the breakthrough of stablecoins in institutional trading.

It presents aggregated data on client trading turnover, market share evolution, and discusses key challenges such as potential depegging events and secondary market connectivity.

For this review, Finery Markets analyzed over 4.1 million institutional spot crypto trades executed on its technology platform during the first half of 2025.

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