Wintermute, a cryptocurrency market maker, has seen significant growth in over-the-counter (OTC) trading volumes in 2024, outpacing the broader crypto exchange market. The firm's analysis reveals a 313% year-over-year surge in OTC trading volumes, with a record single-day spot volume of $2.24 billion in November 2024. The data also shows a transformation in trading patterns, with a notable increase in memecoin trading volumes. Wintermute predicts further institutional interest in digital assets and expects groundbreaking developments in 2025, including the potential launch of a memecoin ETF and a major bank entering spot cryptocurrency trading and decentralized finance (DeFi). The firm also suggests that governments, including the United States, may begin consultations on strategic Bitcoin reserves, triggering similar initiatives in other countries. Wintermute has been expanding its presence in the traditional finance sector and has recently partnered with Finery Markets and oneZero's EcoSystem.



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