Trump Victory and ETF Approvals Double Institutional Crypto OTC Trading in Q4 2024: Finery Data

Finery Markets reports a significant surge in institutional over-the-counter (OTC) cryptocurrency trading during the fourth quarter of 2024. This dramatic increase, which saw volumes double compared to previous quarters, is attributed to a confluence of factors. Donald Trump’s presidential election victory injected a significant boost into crypto spot markets, pushing trading volumes to record highs for the year. Simultaneously, the approval of several key cryptocurrency exchange-traded funds (ETFs) further fueled institutional investor confidence and participation in the market. The combined effect of these two major events resulted in unprecedented activity in the institutional OTC space, highlighting the growing maturity and institutional adoption of cryptocurrencies. Analysts at Finery believe this trend is likely to continue, with further ETF approvals and positive regulatory developments potentially driving even greater institutional involvement in the cryptocurrency market in the coming year. The Q4 2024 data underscores the crucial impact of both political events and regulatory frameworks on institutional investor behavior within the cryptocurrency landscape.