Wintermute reports 240% surge in institutional crypto trading via OTC in 2024

Wintermute reports 240% surge in institutional crypto trading via OTC in 2024
фото показано с : cryptoslate.com

2025-1-18 03:30

Crypto trading firm and market maker Wintermute registered a 240% yearly growth in traditional finance firms’ activity in its over-the-counter (OTC) trading desk, according to a Jan. 17 report.

Traditional financial institutions played a pivotal role in reshaping OTC trading in 2024. The report pointed to improved regulatory clarity and evolving policy frameworks as confidence drivers for these institutions. 

The report highlighted significant drivers, including the US Securities and Exchange Commission’s (SEC) approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in January 2024 and the election of a pro-crypto president in the US in November.

Preference for discreet trades

Wintermute’s counterparty volume data revealed that retail brokers also experienced a 549% growth rate, reflecting broader institutional interest.

The surge in trading volumes from institutional players can be attributed to their increasing demand for off-exchange liquidity. Wintermute’s OTC desk saw volumes grow 4.13 times over the previous year, driven by counterparties seeking to place large trades without significantly impacting the market. 

The demand aligns with institutions’ preference for efficient, discreet trades that avoid the capital inefficiencies associated with holding assets on exchange platforms. The preference drove Wintermute’s OTC volumes to hit new milestones, surpassing its previous weekly record of $2 billion in 2023 with a single-day volume of $2.24 billion in November 2024.

Focus on memecoins and challenges

Traditional finance institutions also shifted their focus when it comes to preferred assets. While major crypto experienced a 3% decline in trading volume, alternative segments like “memecoins” and “currency networks” gained traction. 

Memecoins recorded a 210% growth, capturing 16.2% of Wintermute’s total OTC volumes, up from 7.3% in 2023. This reflects institutional investors’ willingness to explore higher-risk assets for additional returns.

Notably, the report noted that as traditional financial institutions solidified their presence in the OTC market, crypto-native firms faced mounting pressure. 

The entry of well-capitalized players with access to scale and competitive pricing squeezed smaller competitors. Declining market shares for crypto-native firms indicate intensifying competition, with institutions leveraging their resources to dominate the space.

The post Wintermute reports 240% surge in institutional crypto trading via OTC in 2024 appeared first on CryptoSlate.

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 OTN / 100m OTN

trading crypto otc wintermute 240 firms activity

Источник: cryptoslate.com

trading crypto → Результатов: 126


Фото:

В Индии задержали создателя криптопирамиды Max Crypto Trading

Индийские правоохранители задержали жителя города Мангалур, штат Карнатака, по подозрению в организации криптовалютной пирамиды Max Crypto Trading. С ее помощью более 50 инвесторов потеряли $200 000.

2024-6-29 20:31


Crypto Turmoil: How The US Banking Collapse Dented Institutional Trading

March witnessed a series of bank failures that have had ramifications for institutional crypto trading, putting a damper on what was once considered a bustling market space. According to the latest insights from the blockchain intelligence platform Chainalysis, concerning North America, the fallout from these bank closures has been far-reaching, impacting the pace and volume […]

2023-10-24 22:30


Bloomberg reports that two prominent market makers, Jane Street and Jump, are stepping back from their involvement in crypto trading within the United States.

Jane Street and Jump Trading, two major market makers, are reportedly retreating from crypto trading activities in the United States, according to a report by Bloomberg. The decision is said to be influenced by the increasing regulatory scrutiny faced by the cryptocurrency industry in the country.

2023-5-10 21:03


Markets could not get enough of crypto in March, pushing CEX trading volumes to 6 month high

The U. S. banking crisis that began with the collapse of Silicon Valley Bank seemingly did little to curb interest in crypto trading.   According to a recent report from CCData, the total trading volume across centralized exchanges increased by over 25% in March, showing that crypto trading flourishes in highly volatile markets.

2023-4-6 13:22


Фото:

Introducing SuperBots: A DeFi Trading Protocol Featuring Automatic Algo Trading Solution

The crypto market has been quite distressing for crypto traders and investors considering the significant slump in the market value over the last few months. As crypto users continue to struggle over making profits in this bear market, an effective DeFi trading protocol that features complete security, and privacy and is automated, and backed by […]

2022-6-24 15:13


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Binance whale selling slows, but Bitcoin miners may add market pressure

Bitcoin (BTC) whales on Binance appear to be reducing their selling pressure, but the potential for increased BTC sales from miners could introduce new downward pressure on the market. According to CryptoQuant’s community analyst Darkfost, whale activity on Binance, which handles some of the largest Bitcoin trading volumes, is showing signs of decline.