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.



Other News from Today