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Crypto’s $450 Billion Lesson In Market Structure

October 20, 2025 | Finery Markets

The silver lining here is that the crash will likely accelerate a shift that was already underway, part of which is smart money moving from exchanges to over-the-counter (OTC) desks that aggregate liquidity from multiple sources, creating a buffer against a liquidity crunch on any one venue. Just in 2024, the crypto OTC market grew 106%, according to a report from Finery Markets.

See more: forbes.com