Crypto OTC Trading Report 2024

In collaboration with Cointelegraph Research, Finery Markets presents the Crypto OTC Trading Report 2024—a comprehensive analysis of the evolving institutional crypto trading landscape.

Key data:

• 42% of institutions have shown practical interest in digital assets.

• Institutional estimates of total market size vary more than tenfold, with some placing it at USD 100 billion in daily volume. The average daily volume is estimated at USD 39 billion.

• Crypto remains one of the most fragmented asset classes in history. There are now over 700 spot crypto venues worldwide (as of November 2024).

• 70%+ of firms have adopted AI-powered technologies, while 27% report not using AI in their daily operations.

• 54.6% of firms plan to increase AI spending by 5–30% in 2025.

As OTC trading volumes surge by 100%+ year-over-year, this report provides a deep dive into liquidity dynamics, execution models, and regulatory developments shaping institutional crypto markets.

• Market Fragmentation & Liquidity – The interplay between OTC desks, prime brokers, centralized exchanges, and DEXs is reshaping global liquidity flows.

• Institutional Trading Trends – A growing number of hedge funds, proprietary trading firms, and asset managers are increasing their OTC exposure.

• Regulation & Compliance – With 92% of firms planning to obtain additional crypto licenses, regulatory clarity is becoming a defining factor for institutional adoption.

• AI & Technology in Trading – Over 70% of firms are leveraging AI-powered analytics and execution strategies to optimize performance.

• The Future of Crypto Market Structure – Mergers, acquisitions, and new hedging strategies are shaping the next phase of institutional crypto trading.

For institutional investors, liquidity providers, and trading firms, this report offers actionable insights into navigating the complexities of OTC markets, trade execution, and compliance.