The maturation of any asset class follows a remarkably consistent pattern. From equities to fixed income and foreign exchange, markets typically begin with centralised, transparent order books that facilitate price discovery. But as institutional participation deepens, a parallel universe emerges: the over-the-counter market. This isn’t unique to traditional finance – it’s the inevitable trajectory for institutional crypto and the data is now confirming it.
As operators who spent decades
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Crypto’s predictable path from central books to OTC discretion
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Demand for bilateral trading, like OTC FX market structure, is fuelling crypto’s institutional take-up, finds BridgePort
The maturation of any asset class follows a remarkably consistent pattern. From equities to fixed income and foreign exchange, markets typically begin with centralised, transparent order books that facilitate price discovery. But as institutional participation deepens, a parallel universe emerges: the over-the-counter market. This isn’t unique to traditional finance – it’s the inevitable trajectory for institutional crypto and the data is now confirming it.
As operators who spent decades
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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