The company reports 313% growth in OTC trading volumes for 2024, significantly outpacing the broader market.
It predicts 2025 will see major institutional developments including memecoin ETFs and government Bitcoin reserves.
The
cryptocurrency market maker Wintermute revealed interesting growth numbers in
over-the-counter (OTC) trading volumes during 2024, signaling an important shift
in institutional cryptocurrency adoption that's expected to accelerate through
2025.
Wintermute OTC Volume
Surges 313% as Institutional Demand Soars
The firm's
latest analysis shows its OTC trading volumes surged 313% year-over-year,
significantly outpacing the broader crypto exchange market's 142% growth. A
notable milestone was reached in November 2024, when single-day OTC spot volume
hit an all-time high of $2.24 billion, surpassing the previous year's weekly
high of $2 billion.
Evgeny Gaevoy, CEO and Co-Founder, Wintermute
“There will
be a continued increase in institutional interest in digital assets, especially
amongst traditional hedge funds, brokers, asset managers, corporates, and other
custodians of institutional capital, with many looking for tailored products to
manage risk, generate yield, and execute advanced strategies,” Wintermute
commented.
The data
reveals a significant transformation in trading patterns, with a 250% increase
in total spot trades and a 64% rise in unique spot asset pairs traded. Perhaps
most striking was the 210% surge in memecoin trading volumes, reflecting
a notable shift in institutional investment strategies.
Wintermute Projects Record
Institutional Crypto Trading Growth in 2025
Looking
ahead to 2025, Wintermute forecasts several groundbreaking developments,
including the potential launch of a memecoin ETF and the entry of a major bank
into spot cryptocurrency trading and decentralized finance (DeFi). The firm
also predicts that a listed corporation will issue debt or shares to acquire
Ethereum, following MicroStrategy's Bitcoin strategy.
"Likely
to see a wave of innovation, including the introduction of multi-asset crypto
ETFs, that cater to growing demand from retail and institutional investors for
diversified exposure,” the company added.
The report
suggests that 2025 could mark a watershed moment for cryptocurrency adoption,
with predictions of governments, including the United States, beginning
consultations on strategic Bitcoin reserves. This development could trigger
similar initiatives from China, UAE, and European nations.
Recent Updates
In
November, Wintermute completed its first Request for Quote (RFQ) trade on
Finery Markets' institutional crypto trading platform. This partnership
established a hybrid trading model, blending traditional order book
functionality with RFQ capabilities tailored for institutional clients.
As reported
by Finance Magnates in July, Wintermute expanded its presence in
traditional finance (TradFi) by integrating crypto liquidity into oneZero's
EcoSystem. This move enables banks and institutions to access over 350 crypto
trading pairs along with advanced trading features.
The
cryptocurrency market maker Wintermute revealed interesting growth numbers in
over-the-counter (OTC) trading volumes during 2024, signaling an important shift
in institutional cryptocurrency adoption that's expected to accelerate through
2025.
Wintermute OTC Volume
Surges 313% as Institutional Demand Soars
The firm's
latest analysis shows its OTC trading volumes surged 313% year-over-year,
significantly outpacing the broader crypto exchange market's 142% growth. A
notable milestone was reached in November 2024, when single-day OTC spot volume
hit an all-time high of $2.24 billion, surpassing the previous year's weekly
high of $2 billion.
Evgeny Gaevoy, CEO and Co-Founder, Wintermute
“There will
be a continued increase in institutional interest in digital assets, especially
amongst traditional hedge funds, brokers, asset managers, corporates, and other
custodians of institutional capital, with many looking for tailored products to
manage risk, generate yield, and execute advanced strategies,” Wintermute
commented.
The data
reveals a significant transformation in trading patterns, with a 250% increase
in total spot trades and a 64% rise in unique spot asset pairs traded. Perhaps
most striking was the 210% surge in memecoin trading volumes, reflecting
a notable shift in institutional investment strategies.
Wintermute Projects Record
Institutional Crypto Trading Growth in 2025
Looking
ahead to 2025, Wintermute forecasts several groundbreaking developments,
including the potential launch of a memecoin ETF and the entry of a major bank
into spot cryptocurrency trading and decentralized finance (DeFi). The firm
also predicts that a listed corporation will issue debt or shares to acquire
Ethereum, following MicroStrategy's Bitcoin strategy.
"Likely
to see a wave of innovation, including the introduction of multi-asset crypto
ETFs, that cater to growing demand from retail and institutional investors for
diversified exposure,” the company added.
The report
suggests that 2025 could mark a watershed moment for cryptocurrency adoption,
with predictions of governments, including the United States, beginning
consultations on strategic Bitcoin reserves. This development could trigger
similar initiatives from China, UAE, and European nations.
Recent Updates
In
November, Wintermute completed its first Request for Quote (RFQ) trade on
Finery Markets' institutional crypto trading platform. This partnership
established a hybrid trading model, blending traditional order book
functionality with RFQ capabilities tailored for institutional clients.
As reported
by Finance Magnates in July, Wintermute expanded its presence in
traditional finance (TradFi) by integrating crypto liquidity into oneZero's
EcoSystem. This move enables banks and institutions to access over 350 crypto
trading pairs along with advanced trading features.
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
Kraken Steps Up Speed Race with New Equinix Colocation Service for Crypto Traders
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 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:
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▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 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
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▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 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
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 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
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
