The Flow podcast at. Coinroutes CRO and co-founder Michael Holstein
March 12, 2025
Pro-institutional sentiment drives triple-digit growth in demand for spot crypto OTC trades.
Finery Markets, a leading technology provider of a non-custodial crypto ECN and SaaS trading platform for institutional clients, reports record-breaking client turnover for two consecutive months of 2025.
The company reached ATH level in February, surpassing $1.8B in total client trades, a 135% YoY growth rate. January also saw exceptional performance with $1.6B in client turnover, setting the stage for a strong Q1’25. The milestone reflects the growing demand of institutional players for liquidity and efficiency in crypto OTC markets.
Additionally, trade data suggests the ongoing adoption of stablecoins as a bridge between digital assets and trad-fi markets. In February alone, client transactions with stablecoins showed +152% YoY.
"The performance signals that we're right on track to prove our main belief: that the institutionalization of crypto is inevitable. Market participants are increasingly seeking reliable technology and trading infrastructure to gain exposure to the crypto industry. As the pro-crypto narrative continues to gather steam, we anticipate this trend to continue." commented Konstantin Shulga, Finery Markets CEO.
The surge in growth is primarily driven by the rising interest from institutions in crypto, as it increasingly penetrates traditional financial channels. This momentum is further boosted by favorable political developments that are paving the way for more mainstream acceptance of digital assets. This has led to more institutions looking for reliable over-the-counter (OTC) trading solutions that align with their compliance needs and optimize capital efficiency.
About Finery Markets
Finery Markets is a leading technology provider of non-custodial crypto ECN and trading SaaS, specifically designed for institutional clients across more than 35 countries.
The company offers the first hybrid, crypto-native ECN technology, enabling trading via an aggregated order book or RFQ. Since its launch in 2019, Finery Markets has expanded its ecosystem, now serving over 150 digital asset clients—including payment providers, brokers, OTC desks, hedge funds, and custodians. Finery Markets enhances capital efficiency, ensures optimal execution, assists in risk management, and simplifies settlement processes. In 2024, Finery Markets was recognized as one of the top 50 rising stars in the Deloitte Technology Fast 50 competition.
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