DATA: 95.3% of Q1 Institutional Volume Involves Bitcoin, Ethereum or Stablecoin, No Widespread Adoption of Torrents Yet

On 11 April, TheBlock reported that cryptocurrency trading volumes on institutional trading platforms continued their upward momentum from the fourth quarter of 2024, driven by a shift in U.S. regulation and increased market confidence in stablecoins, according to Finery Markets' Q1 report , with over-the-counter (OTC) volumes up 141 per cent year-on-year and stablecoin trading activity up 158 per cent year-on-year. The strongest growth in trading volumes between cryptocurrencies and stablecoins was recorded in the first 100 days of President Trump's presidency, with volumes in the first three months of 2025 up five-fold compared to the same period in 2024. Overall 95.3 per cent of transactions involved bitcoin, ethereum or stablecoins, with institutions yet to widely embrace torrents.

The difference between the different types of transactions shows a clear institutional preference for stablecoin, which likely stems from its increased utility in connecting traditional finance with the crypto space," Finery analysts noted.