{"id":20289,"date":"2025-01-14T11:08:12","date_gmt":"2025-01-14T09:08:12","guid":{"rendered":"https:\/\/forklog.com\/en\/crypto-otc-volumes-jumped-106-in-2024\/"},"modified":"2025-01-14T11:08:12","modified_gmt":"2025-01-14T09:08:12","slug":"crypto-otc-volumes-jumped-106-in-2024","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/crypto-otc-volumes-jumped-106-in-2024\/","title":{"rendered":"Crypto OTC volumes jumped 106% in 2024"},"content":{"rendered":"<p>In 2024, trading volume on the over-the-counter (OTC) crypto market rose 106%. The main drivers were institutional demand, a new <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> for bitcoin and the US elections, according to a Finery Markets <a href=\"https:\/\/finerymarkets.com\/blog\/crypto-otc-review-2024-results-2025-outlook\">report<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"697\" height=\"325\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/FM_2024_OTC_review.pdf-Google-Chrome-pdf.jpg\" alt=\"FM_2024_OTC_review.pdf-Google-Chrome\" class=\"wp-image-249512\"\/><figcaption class=\"wp-element-caption\">Year-on-year growth in the crypto OTC market by month. Data: Finery Markets.<\/figcaption><\/figure>\n<p>Activity in the segment posted its strongest increase in Q4 \u2014 up 177% year on year. Volumes settled purely in cryptocurrencies increased 5.4 times, while those using stablecoins rose 311%.<\/p>\n<p>The <a href=\"https:\/\/forklog.com\/en\/news\/donald-trump-becomes-47th-president-of-the-united-states-implications-for-the-crypto-industry\">election<\/a> of US president Donald Trump, who has signalled a crypto-friendly policy, and bitcoin\u2019s break above $100,000 provided fertile ground for the surge.<\/p>\n<p>The OTC segment also recorded triple-digit growth in Q2 \u2014 110% \u2014 driven by increased inflows into spot bitcoin ETFs <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">launched in January<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Traditional financial leaders have shifted their skeptical stance on cryptocurrencies to neutral or even favorable. This came amid the industry&#8217;s development, as institutions began entering crypto markets or considering acquisitions to strengthen their positions in the industry,&#8221; the report says.<\/p>\n<\/blockquote>\n<p>By year-end, bitcoin retained dominance in the OTC segment, while altcoins expanded their share of trading volumes from 13% to 29%.<\/p>\n<p>Ripple\u2019s XRP moved into third place, with year-on-year growth of 141%. Even so, Finery Markets specialists believe the asset has not fully realised its potential.<\/p>\n<p>The sharpest surge was in Solana (SOL), where volumes increased ninefold.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Meanwhile, Litecoin (LTC) retained its position as the leading altcoin among institutional investors, posting an impressive 149% increase compared with the previous period,&#8221; the experts noted.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">Outlook for 2025<\/h2>\n<p>Events in 2024 laid the groundwork for further growth tied to institutional adoption of cryptocurrencies, Finery Markets specialists underlined.<\/p>\n<p>Among the trends they expect in the new year:<\/p>\n<ul class=\"wp-block-list\">\n<li>pro-crypto sentiment in US politics and the economy, opening the way to a more favourable environment for the industry and potentially unleashing demand for digital assets from American institutions;<\/li>\n<li>the success of exchange-traded products based on bitcoin and Ethereum could prompt institutions to offer crypto-collateralised lending, spurring investment;<\/li>\n<li>tokenised traditional assets are likely to gain broad acceptance, redefining trading strategies as markets adapt to 24\/7 trading, fractional ownership and increased product liquidity;<\/li>\n<li>as regulatory frameworks are established, institutional adoption of DeFi will likely grow, leading to a hybrid model in which decentralised platforms integrate with centralised oversight, offering new income opportunities;<\/li>\n<li>the potential introduction of bitcoin reserves could trigger a global shift away from \u201czero engagement\u201d policies by countries and corporations;<\/li>\n<li>second- and third-tier centralised exchanges in the EU may face increasing liquidity pressures due to MiCA requirements, pushing them to seek new business models and technological solutions to remain competitive.<\/li>\n<\/ul>\n<p>In December, <a href=\"https:\/\/forklog.com\/en\/news\/vaneck-analyst-forecasts-crypto-market-trends-for-2025\">VanEck<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/forbes-predicts-the-future-of-cryptocurrency-by-2025\">Forbes<\/a> set out their forecasts for the crypto industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2024, trading volume on the over-the-counter (OTC) crypto market rose 106%. The main drivers were institutional demand, a new ATH for bitcoin and the US elections, according to a Finery Markets report. Year-on-year growth in the crypto OTC market by month. Data: Finery Markets. Activity in the segment posted its strongest increase in Q4 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,830,1252],"class_list":["post-20289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-otc","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20289"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20288"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}