- Finery Markets has published its Crypto OTC Review, analyzing 2024 market trends, including the rise of stablecoin demand and growth in crypto-to-crypto transactions across 35+ countries.
- Explore how Finery Markets’ advanced order types, like Limit FOK and Market IOC, empower institutional clients with greater flexibility and execution precision.
- CEO Konstantin Shulga reflects on Finery Markets’ journey to $20B in trading volume, sharing insights on market challenges and the future of institutional crypto trading.
- General Counsel Marina D’Angelo discusses her vision for legal strategy at Finery Markets, highlighting how regulatory innovation can drive industry growth.
OTC Review: 2024 Results & 2025 Outlook
2024 was a record-breaking year for the cryptocurrency market, with the OTC space experiencing remarkable growth fueled by increasing demand for stable coins and a surge in crypto-to-crypto transactions. Leveraging our extensive trading data spanning 35+ countries, this report offers a fresh analysis of institutional-scale trends shaping the OTC market. Despite its decentralized and fragmented nature, the OTC crypto market plays a critical role in institutional trading. Finery Markets’ 2024 review reveals key patterns and provides a data-driven perspective on the factors driving adoption and liquidity.
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Order Types available on Finery Markets
Finery Markets provides a diverse array of order types to accommodate various trading strategies and preferences, empowering clients to achieve their desired outcomes in dynamic market conditions. Whether prioritizing immediate execution or waiting for optimal price levels, these order types offer the flexibility and control needed to navigate institutional trading efficiently. Among the available options are Pending Limit Orders, Limit Fill or Kill (FOK), Limit Immediate or Cancel (IOC), Market Order FOK, and Market Order IOC. Pending Limit Orders are ideal for traders aiming to execute transactions at a specified price or better, ensuring precision in execution. These orders remain active until the market price aligns with the desired level or the order is canceled. On Finery Markets, clients can further customize their orders by specifying size or volume and benefit from features such as tracking executed portions and accessing detailed information about liquidity providers (LPs) involved in partial fills. Limit and Market Orders with FOK or IOC constraints cater to traders with time-sensitive requirements. Limit FOK orders guarantee complete execution at the specified price or better, or they are canceled entirely. In contrast, Limit IOC orders allow partial fills, canceling any remaining unfulfilled portions. Market Order FOK and IOC operate similarly, focusing on execution at the prevailing market price instead of a set limit. These options empower clients to tailor their strategies, balancing speed, precision, and order completion, ensuring adaptability in a competitive trading environment.
FinTechBuzz Features CEO Konstantin Shulga
FinTechBuzz sat down with Konstantin Shulga, Co-founder and CEO of Finery Markets, to discuss institutional crypto adoption, the company’s impressive growth to $20 billion in trading volume, and the evolution of market structures in the digital asset space. Shulga shared his journey from a 15-year career in traditional finance to leading Finery Markets, inspired by the transformative potential of Bitcoin and blockchain technology. He highlighted key challenges for institutional adoption, including execution quality, counterparty risk, and the need for robust trading infrastructure tailored to professional market participants.
In the interview, Shulga detailed Finery Markets’ innovative solutions, from its hybrid ECN model combining order-driven and quote-driven systems to its white-label SaaS offering for OTC desks and brokers. He also touched on significant milestones like achieving SOC 2 Type 1 certification, which reinforces the company’s commitment to cybersecurity and operational excellence. As the crypto market continues to mature, Shulga emphasized the critical role of institutional adoption in driving its integration with traditional financial systems, paving the way for future growth and stability.
Read interview
Meet the Team: Marina D'Angelo
Navigating the evolving intersection of regulation and innovation, Marina D'Angelo leads as General Counsel at Finery Markets. In a field where rules are constantly shifting, Marina brings strategic foresight and a collaborative approach to ensure the company not only complies with regulations but thrives amidst change. With extensive experience in fintech and a passion sparked by early exposure to algorithmic trading, Marina is excited about tackling the unique challenges of the institutional crypto space. Marina envisions the legal function at Finery Markets as a driver of innovation and growth. By fostering a proactive partnership with the business, her team aims to navigate complex regulatory landscapes while enabling cutting-edge solutions. With a growth mindset and a commitment to staying agile, Marina is shaping a legal framework that not only addresses challenges but also paves the way for Finery Markets’ continued success in the rapidly evolving crypto industry.
Learn more
Subscribe to our Institutional Weekly
Finery Markets has launched “Institutional Weekly”, a LinkedIn newsletter designed to deliver market news and updates tailored for institutional players and informed investors. This publication offers a focused look at key developments in the crypto and financial markets, ensuring you stay informed without the noise.
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