According to the Finery Market's newest report, the trading volumes in 2024 rose by 100%, and could repeat that also in 2025.
Geographically, Europe leads demand for institutional crypto spot OTC trading at 38.5%.
A new
industry survey has revealed significant disparities in crypto over-the-counter
(OTC) trading volume estimates. Some liquidity providers suggest daily figures
exceeding $100 billion, while the average estimate stands at approximately $39
billion.
The
findings come from an in-depth survey conducted by Finery Markets, which
targeted key industry stakeholders, including liquidity providers, market
makers, and prime brokers, to assess the institutional crypto trading landscape
for 2025.
“The
crypto market is already characterized by extreme fragmentation, with over 700
trading venues globally, as reported by CoinMarketCap. This proliferation of
trading venues has several challenges, such as connectivity issues, where
buyers and sellers often transact on different platforms, hindering efficient
matching,” noted the report, explaining why estimates varied by more than
tenfold among respondents.
Despite the
measurement challenges, the sector appears poised for continued growth. 18% of
respondents project year-over-year growth exceeding 100% in 2025, while 45.6%
expect more moderate growth between 10% and 60%.
Konstantin Shulga, CEO and Co-Founder of Finery Markets
“The institutional surge came as no surprise to us, as we designed our trading infrastructure from the start to meet the needs of institutional players, anticipating wider adoption,” Konstantin Shulga, Finery Markets CEO and Co-Founder, commented for Finance Magnates.
AI Integration
Accelerating Across Trading Operations
Over 70% of
firms surveyed have already adopted AI-powered technologies in their
operations, with 54.6% planning to increase their AI spending by 5-30% in 2025.
Notably,
70% of respondents identified back-office functions such as settlements,
reporting, and repetitive tasks as AI's most promising use cases, while 30%
highlighted front-office applications, including market data analysis and
cross-asset trading.
“AI has
enabled more sophisticated cross asset trading strategies in the crypto space,”
Finery Markets explained. “Execution-focused AI-driven systems can execute
complex arbitrage strategies across multiple exchanges and asset classes with
minimal latency, including market-making strategies to provide liquidity across
various crypto assets and exchanges.”
Institutional Adoption
Gaining Momentum
The survey
indicates that institutional involvement in cryptocurrency has moved beyond
exploratory interest, with 42% of institutional players now incorporating
digital assets into their daily operations.
Respondents
identified the Trump administration's expected pro-crypto stance and potential
regulatory clarity in the U.S. as the most significant factors likely to drive
further institutional adoption.
“Crypto
ETFs and US Elections have been identified as the two most influential factors
driving institutional crypto adoption, with 70% of participants selecting each.
Interestingly, topics such as SEC charges against market makers, tokenized
money market funds, and Bitcoin halving were not chosen as influential events,”
the report added.
Geographically,
Europe leads demand for institutional crypto spot OTC trading at 38.5%,
followed by North America, Asia, and the Middle East, each at 15.4%.
In a sign
of the industry's increasing embrace of regulation, 92% of institutions plan to
secure additional crypto licenses in 2025. Survey participants identified
Singapore, Switzerland, and the United Arab Emirates as the most
crypto-friendly jurisdictions for institutional trading operations.
Hedging Strategies and
Market Infrastructure
Options and
futures continue to dominate hedging strategies in the OTC crypto market, with
66.7% of respondents favoring option-based approaches. However, 36.8%
identified low liquidity as a significant barrier to broader institutional
adoption of crypto derivatives.
The survey
also revealed emerging interest in innovative derivative products, including
instruments that would allow miners and stakers to sell their rewards at
volume-weighted average prices (VWAP) with settlement occurring after the
actual rewards are received.
As the
market continues to evolve, respondents highlighted several key trends shaping
the future of OTC crypto trading, including the increasing importance of
Central Clearing Houses (CCHS) in mitigating counterparty risks and the
potential integration of decentralized solutions into OTC trading as regulatory
clarity improves.
Will
Bitcoin Go Up Due to Higher Institutional Adoption?
Institutional
adoption has undoubtedly driven Bitcoin's price surge in 2024, with the
cryptocurrency gaining 120% over the year. But what lies ahead in 2025? As of
Wednesday, February 26, 2025, Bitcoin is experiencing its third consecutive day
of losses, testing the $85,400 level—the lowest in three months and coinciding
with the 200-day EMA, a key indicator that has separated the bull and bear
markets for the past six months.
Will Bitcoin go up? Technical analysis. Source: Tradingview.com
According
to my technical analysis, the $85,000 zone, along with the mentioned moving
average, could serve as a critical rebound level for BTC, a view also shared by
Markus Thielen from 10x Research.
Currently,
BTC is forming a bullish pin bar, a potential buy signal. A breakout above the
$90,000–$92,000 resistance zone would confirm that bulls were waiting to
accumulate. However, if the $85,000 level and the 200 EMA fail to hold, it
could indicate that bears are aiming for further distribution, potentially
driving the price toward $70,000.
Will
Bitcoin go up? It all depends on how the price reacts at this key support
level.
A new
industry survey has revealed significant disparities in crypto over-the-counter
(OTC) trading volume estimates. Some liquidity providers suggest daily figures
exceeding $100 billion, while the average estimate stands at approximately $39
billion.
The
findings come from an in-depth survey conducted by Finery Markets, which
targeted key industry stakeholders, including liquidity providers, market
makers, and prime brokers, to assess the institutional crypto trading landscape
for 2025.
“The
crypto market is already characterized by extreme fragmentation, with over 700
trading venues globally, as reported by CoinMarketCap. This proliferation of
trading venues has several challenges, such as connectivity issues, where
buyers and sellers often transact on different platforms, hindering efficient
matching,” noted the report, explaining why estimates varied by more than
tenfold among respondents.
Despite the
measurement challenges, the sector appears poised for continued growth. 18% of
respondents project year-over-year growth exceeding 100% in 2025, while 45.6%
expect more moderate growth between 10% and 60%.
Konstantin Shulga, CEO and Co-Founder of Finery Markets
“The institutional surge came as no surprise to us, as we designed our trading infrastructure from the start to meet the needs of institutional players, anticipating wider adoption,” Konstantin Shulga, Finery Markets CEO and Co-Founder, commented for Finance Magnates.
AI Integration
Accelerating Across Trading Operations
Over 70% of
firms surveyed have already adopted AI-powered technologies in their
operations, with 54.6% planning to increase their AI spending by 5-30% in 2025.
Notably,
70% of respondents identified back-office functions such as settlements,
reporting, and repetitive tasks as AI's most promising use cases, while 30%
highlighted front-office applications, including market data analysis and
cross-asset trading.
“AI has
enabled more sophisticated cross asset trading strategies in the crypto space,”
Finery Markets explained. “Execution-focused AI-driven systems can execute
complex arbitrage strategies across multiple exchanges and asset classes with
minimal latency, including market-making strategies to provide liquidity across
various crypto assets and exchanges.”
Institutional Adoption
Gaining Momentum
The survey
indicates that institutional involvement in cryptocurrency has moved beyond
exploratory interest, with 42% of institutional players now incorporating
digital assets into their daily operations.
Respondents
identified the Trump administration's expected pro-crypto stance and potential
regulatory clarity in the U.S. as the most significant factors likely to drive
further institutional adoption.
“Crypto
ETFs and US Elections have been identified as the two most influential factors
driving institutional crypto adoption, with 70% of participants selecting each.
Interestingly, topics such as SEC charges against market makers, tokenized
money market funds, and Bitcoin halving were not chosen as influential events,”
the report added.
Geographically,
Europe leads demand for institutional crypto spot OTC trading at 38.5%,
followed by North America, Asia, and the Middle East, each at 15.4%.
In a sign
of the industry's increasing embrace of regulation, 92% of institutions plan to
secure additional crypto licenses in 2025. Survey participants identified
Singapore, Switzerland, and the United Arab Emirates as the most
crypto-friendly jurisdictions for institutional trading operations.
Hedging Strategies and
Market Infrastructure
Options and
futures continue to dominate hedging strategies in the OTC crypto market, with
66.7% of respondents favoring option-based approaches. However, 36.8%
identified low liquidity as a significant barrier to broader institutional
adoption of crypto derivatives.
The survey
also revealed emerging interest in innovative derivative products, including
instruments that would allow miners and stakers to sell their rewards at
volume-weighted average prices (VWAP) with settlement occurring after the
actual rewards are received.
As the
market continues to evolve, respondents highlighted several key trends shaping
the future of OTC crypto trading, including the increasing importance of
Central Clearing Houses (CCHS) in mitigating counterparty risks and the
potential integration of decentralized solutions into OTC trading as regulatory
clarity improves.
Will
Bitcoin Go Up Due to Higher Institutional Adoption?
Institutional
adoption has undoubtedly driven Bitcoin's price surge in 2024, with the
cryptocurrency gaining 120% over the year. But what lies ahead in 2025? As of
Wednesday, February 26, 2025, Bitcoin is experiencing its third consecutive day
of losses, testing the $85,400 level—the lowest in three months and coinciding
with the 200-day EMA, a key indicator that has separated the bull and bear
markets for the past six months.
Will Bitcoin go up? Technical analysis. Source: Tradingview.com
According
to my technical analysis, the $85,000 zone, along with the mentioned moving
average, could serve as a critical rebound level for BTC, a view also shared by
Markus Thielen from 10x Research.
Currently,
BTC is forming a bullish pin bar, a potential buy signal. A breakout above the
$90,000–$92,000 resistance zone would confirm that bulls were waiting to
accumulate. However, if the $85,000 level and the 200 EMA fail to hold, it
could indicate that bears are aiming for further distribution, potentially
driving the price toward $70,000.
Will
Bitcoin go up? It all depends on how the price reacts at this key support
level.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
KuCoin Rolls Out MiCA-Regulated Crypto Platform Across 29 EU Markets
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
