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Crypto OTC Review: Q1 2025

This review delivers a data-driven analysis of the Q1 2025 institutional OTC crypto market, coinciding with the first 100 days of a pro-crypto political shift. Drawing from over 2 million institutional spot trades executed via Finery Markets, the report highlights a 141% YoY surge in overall trading volume.

Key data for Q1’25:

  • Following President Trump’s inauguration in January, OTC trading volumes surged by 141% year-over-year.

  • BTC trading volumes: +7% YoY

  • ETH trading volumes: +36% YoY

  • Stablecoin trading volumes: +158% YoY

The report also examines how regulatory advancements impacted trading dynamics and institutional strategies across crypto and stablecoin markets.

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