CandleFocus Wall Street Crypto Fever Drives OTC Trading to Double in 2024
2025-01-10
Author: Content Editor
In 2024, the cryptocurrency over-the-counter (OTC) market experienced significant growth, with trading volumes more than doubling due to institutional adoption and favorable market conditions. OTC trading volume increased by 106% year-over-year, and stablecoin transactions saw a dramatic increase of 147%. The rise of institutional trading was attributed to the launch of Bitcoin and Ethereum ETFs, with U.S. Bitcoin ETF inflows surpassing those of gold ETFs. Traditional financial institutions showed a shift in their approach to digital assets, moving from skepticism to acceptance. The fourth quarter was the strongest performer, with a 177% year-over-year growth in total OTC volumes. Stablecoins played a crucial role in bridging traditional and digital finance, surpassing Visa in transaction volumes. Altcoins also gained institutional interest, accounting for 29% of total trading volume, up from 13% in the previous year. The market is expected to further evolve in 2025, with trends such as crypto-backed loans and tokenized traditional assets gaining traction. Regulatory developments, particularly in Europe with the MiCA regulation, may drive innovation and adoption of advanced technology solutions in the cryptocurrency market.
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