Wintermute Breaks Records With $2.24 Billion In Daily Crypto Trading
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Wintermute, a major cryptocurrency trading firm, shared exciting news about its growth in over-the-counter (OTC) trading during 2024. This shows a big jump in how institutions are starting to like and use cryptocurrency, and this trend is expected to grow even more in 2025.
The company’s latest report shows its OTC trading numbers went up 313% compared to last year, much faster than the overall crypto exchange market, which grew by 142%. In November 2024, a key moment was achieved when daily OTC spot trading reached $2.24 billion, beating last year’s biggest weekly number of $2 billion.
There Was A 250% Increase In Total Spot Trades
Wintermute noted that institutions will be more interested in digital assets, particularly brokers, hedge funds, and asset managers. The firm added that many are looking for special tools to handle risk, earn profits, and try out smart strategies.
The data shows a big change in trading, with a 250% jump in total spot trades and a 64% climb in the different kinds of asset pairs traded. One of the most surprising parts was a 210% spike in memecoin trading, showing that institutions are changing how they invest.
Last month, Wintermute stepped up in the tokenized securities market by offering 24/7 OTC trading for BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).
Looking forward to 2025, Wintermute believes the year will bring big changes, like launching a memecoin ETF and a top bank joining the crypto trading and DeFi world. The company also believes a listed business will raise funds through debt or shares to purchase Ethereum like MicroStrategy did with Bitcoin. The firm added that there will probably be lots of new ideas in 2025, such as multi-asset crypto ETFs, which give people an easy way to have a mix of different crypto investments.
According to the report, 2025 might be an important year for crypto. Governments, including the U.S., could start talking about keeping Bitcoin reserves. If this happens, other countries like China, the UAE, and parts of Europe might follow.
Wintermute Recently Closed Its First RFQ Deal On Finery Markets’ Platform
In November, Wintermute carried out its first Request for Quote (RFQ) deal on Finery Markets’ special trading platform for institutions. This team-up set up a combined trading model, mixing the usual order book system with RFQ features for institutional clients.
Konstantin Shulga, the Chief Executive Officer of Finery Markets, noted that Wintermute was the company’s first choice to introduce the RFQ trading method via Finery Markets’ ECN. He added that with RFQ, the team believes the firm’s special trading system gives the best of both worlds. It combines the clear and reliable way order systems work with the strong money flow and small market changes that quote systems bring.
In July, according to reports, Wintermute grew its footprints in the traditional finance world by bringing crypto trading into oneZero’s EcoSystem. This lets banks and top players use over 350 crypto pairs and advanced trading tools.
