Volumes surged 95% year-over-year in H1 2024, driven by ETF approvals.
According to Finery Markets report, ethereum trading volumes increased by 32%, with further growth expected.
The
over-the-counter (OTC) institutional cryptocurrency market experienced a
significant uptick in the first half of 2024, with total spot transaction
volumes soaring 95% year-over-year.
Institutional Crypto
Trading Surges in First Half of 2024, Report Finds
According
to a new report from Finery Markets, which analyzed two million spot trades
conducted by institutions, the appetite for digital assets among institutional
investors grew significantly. This surge in activity follows recent approvals
for crypto-related investment vehicles, including the successful launch
of a Bitcoin ETF.
Ethereum,
the second-largest cryptocurrency by market capitalization, saw its trading
volumes rise by 32% in the first half of 2024 compared to the same period in
2023. The potential approval of Ethereum ETFs is expected to further drive
institutional participation in the market.
“The
recent approval of crypto-related vehicles has sparked institutional interest
in adopting crypto for the long term,” Finery
Markets commented in the report. “However, we believe that the full
impact of ETF approvals on the market may not be fully realized until six to
nine months later.”
The report
also highlights a shift in trading patterns, with crypto-to-crypto trades
demonstrating a 50% year-over-year growth. In contrast, crypto-to-fiat pairs
decreased by 12% in the first six months of 2024. Notably, transactions
involving stablecoins across all blockchains and layers surged 2.6 times
year-over-year.
Experts
have acknowledged for several months that without the support of institutional
investors, the volumes and prices of Bitcoin would not have increased as
significantly. For
instance, the cryptocurrency market experienced a substantial surge in
value, growing from $1 trillion to $2.5 trillion from October 2023 to March
2024.
Altcoins on the Rise
While
Bitcoin and Ethereum continue to dominate the space, the report indicates
varying growth rates among altcoins. Tron (TRX) experienced the most
significant surge, with a 202% year-over-year increase, followed by Binance
Coin (BNB) at 129% and Litecoin (LTC) at 80%. However, Ripple (XRP) bucked the
trend with an 18% decline.
“The growth
rates seen in altcoins can largely be attributed to a low base effect resulting
from a downturn in the first half of 2023, which was caused by the collapse of
FTX and its subsequent impact on the cryptocurrency market until the first half
of 2024,” Finery Markets added.
The
cryptocurrency market's growth accelerated in the second quarter of 2024,
achieving a 110% year-over-year increase in customer transaction volumes, up
from 80% in the first quarter. April saw the peak growth rate at 158%
year-over-year, following a 56% increase in January.
Despite the
overall positive trend, institutional participation in altcoins remained
relatively low, with the top five alternative cryptocurrencies accounting for
just 5.4% of the total trading volume.
The report
suggests that the changing regulatory environment is becoming more favorable
towards digital assets, providing traditional financial institutions with a
clear path to enter the crypto space using established financial instruments.
Finery Markets
is the first crypto ECN to receive the SOC 2 Type 1 certification. Earlier this
year, Finery Markets established
a collaboration with Hidden Road. This partnership is characterized by
incorporating Finery Markets’ leading product, FM Liquidity Match, into Hidden
Road’s activities, which primarily involve prime brokerage services for crypto
spot transactions.
The
over-the-counter (OTC) institutional cryptocurrency market experienced a
significant uptick in the first half of 2024, with total spot transaction
volumes soaring 95% year-over-year.
Institutional Crypto
Trading Surges in First Half of 2024, Report Finds
According
to a new report from Finery Markets, which analyzed two million spot trades
conducted by institutions, the appetite for digital assets among institutional
investors grew significantly. This surge in activity follows recent approvals
for crypto-related investment vehicles, including the successful launch
of a Bitcoin ETF.
Ethereum,
the second-largest cryptocurrency by market capitalization, saw its trading
volumes rise by 32% in the first half of 2024 compared to the same period in
2023. The potential approval of Ethereum ETFs is expected to further drive
institutional participation in the market.
“The
recent approval of crypto-related vehicles has sparked institutional interest
in adopting crypto for the long term,” Finery
Markets commented in the report. “However, we believe that the full
impact of ETF approvals on the market may not be fully realized until six to
nine months later.”
The report
also highlights a shift in trading patterns, with crypto-to-crypto trades
demonstrating a 50% year-over-year growth. In contrast, crypto-to-fiat pairs
decreased by 12% in the first six months of 2024. Notably, transactions
involving stablecoins across all blockchains and layers surged 2.6 times
year-over-year.
Experts
have acknowledged for several months that without the support of institutional
investors, the volumes and prices of Bitcoin would not have increased as
significantly. For
instance, the cryptocurrency market experienced a substantial surge in
value, growing from $1 trillion to $2.5 trillion from October 2023 to March
2024.
Altcoins on the Rise
While
Bitcoin and Ethereum continue to dominate the space, the report indicates
varying growth rates among altcoins. Tron (TRX) experienced the most
significant surge, with a 202% year-over-year increase, followed by Binance
Coin (BNB) at 129% and Litecoin (LTC) at 80%. However, Ripple (XRP) bucked the
trend with an 18% decline.
“The growth
rates seen in altcoins can largely be attributed to a low base effect resulting
from a downturn in the first half of 2023, which was caused by the collapse of
FTX and its subsequent impact on the cryptocurrency market until the first half
of 2024,” Finery Markets added.
The
cryptocurrency market's growth accelerated in the second quarter of 2024,
achieving a 110% year-over-year increase in customer transaction volumes, up
from 80% in the first quarter. April saw the peak growth rate at 158%
year-over-year, following a 56% increase in January.
Despite the
overall positive trend, institutional participation in altcoins remained
relatively low, with the top five alternative cryptocurrencies accounting for
just 5.4% of the total trading volume.
The report
suggests that the changing regulatory environment is becoming more favorable
towards digital assets, providing traditional financial institutions with a
clear path to enter the crypto space using established financial instruments.
Finery Markets
is the first crypto ECN to receive the SOC 2 Type 1 certification. Earlier this
year, Finery Markets established
a collaboration with Hidden Road. This partnership is characterized by
incorporating Finery Markets’ leading product, FM Liquidity Match, into Hidden
Road’s activities, which primarily involve prime brokerage services for crypto
spot transactions.
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.
MoonPay Lands AUSTRAC Registration for Aussie Crypto Services
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
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🐦 Twitter: https://twitter.com/F_M_events
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For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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