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'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.
Coinbase Asks Courts to Bar States From Regulating Prediction Markets
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
Liquidity as a Business: How Brokers Can Earn More
Liquidity as a Business: How Brokers Can Earn More
This webinar will focuses on how brokers can create new revenue streams by launching or enhancing their liquidity business.
John Murillo, Chief Dealing Officer of the B2BROKER group, covers how:
- Retail brokers can launch their own B2B arm to distribute liquidity and boost profitability.
- Institutional brokers can upgrade their liquidity offering and strengthen their market position.
- New entrants can start from scratch and become liquidity providers through a ready-made turnkey solution.
Hosted by B2BROKER, a global fintech provider of liquidity and technology solutions, the session will reveal how to monetize liquidity, accelerate business growth, and increase profitability using the Liquidity Provider Turnkey solution.
📣 Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: / https://www.linkedin.com/company/financemagnates/
👍 Facebook: / https://www.facebook.com/financemagnates/
📸 Instagram: / https://www.instagram.com/financemagnates_official/?hl=en
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemag...
▶️ YouTube: / @financemagnates_official
This webinar will focuses on how brokers can create new revenue streams by launching or enhancing their liquidity business.
John Murillo, Chief Dealing Officer of the B2BROKER group, covers how:
- Retail brokers can launch their own B2B arm to distribute liquidity and boost profitability.
- Institutional brokers can upgrade their liquidity offering and strengthen their market position.
- New entrants can start from scratch and become liquidity providers through a ready-made turnkey solution.
Hosted by B2BROKER, a global fintech provider of liquidity and technology solutions, the session will reveal how to monetize liquidity, accelerate business growth, and increase profitability using the Liquidity Provider Turnkey solution.
📣 Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: / https://www.linkedin.com/company/financemagnates/
👍 Facebook: / https://www.facebook.com/financemagnates/
📸 Instagram: / https://www.instagram.com/financemagnates_official/?hl=en
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemag...
▶️ YouTube: / @financemagnates_official
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
