The fourth quarter saw the largest jump in institutional crypto OTC trading as Donald Trump’s US election win fueled crypto spot trading to 2024 highs, said Finery Markets.
Institutional crypto over-the-counter (OTC) trading volumes rose 106% in 2024 — fueled largely by Republican Donald Trump’s US election win and demand for US spot crypto exchange-traded funds, according to Finery Markets.
The fourth quarter saw the largest jump, with Bitcoin (BTC), Ether (ETH) and stablecoin OTC trading volumes increasing 80%, 187% and 191% year-on-year, respectively. This came amid Trump’s victory and the incoming administration’s pro-crypto stance, said the crypto OTC infrastructure firm.
The second quarter rose 110% year-on-year — which Finery attributed to the “successful” US spot Bitcoin exchange-traded fund launches — while Q1 and Q3 also saw impressive OTC trading volume rises of 80% and 78%.
