Caladan taps Finery Markets network amid surging OTC crypto trading

Institutional trading firm Caladan has joined forces with Finery Markets by integrating into its electronic communication network (ECN) platform, in a move aimed at strengthening its global liquidity ￰0￱ decision comes as over-the-counter (OTC) crypto markets record unprecedented levels of activity, with trading volumes more than doubling in the first half of 2025. Caladan, which processes more than $170 billion in annual digital asset transactions, will now tap into Finery Markets’ infrastructure to extend its reach across more than 35 countries, connecting to multiple venues in a non-custodial, institution-focused ￰1￱ agreement underscores growing momentum among professional crypto trading firms to adopt scalable infrastructure solutions as regulatory clarity and institutional interest deepen ￰2￱ in OTC trading volumes The integration follows a 112.6% increase in OTC crypto activity during H1 2025, according to Finery Markets’ latest ￰3￱ data also showed that deal counts rose by 57.6% compared with last year, indicating substantial growth in institutional demand for off-exchange digital asset ￰4￱ Markets currently supports more than $50 billion in annual trading, providing access to over 1,000 assets and 70 global ￰5￱ platform combines request-for-quote (RFQ), order book, and quote streaming models, designed to help institutional clients operate across multiple liquidity venues ￰6￱ expansion for institutional liquidity Executives from both companies described the partnership as a key step in institutionalizing digital asset ￰7￱ Shulga, CEO of Finery Markets, said: We are excited to welcome Caladan to our expanding ￰8￱ blend of deep TradFi expertise and a crypto-native, long-term vision perfectly aligns with our mission to make the digital asset space truly institution-ready.

Caladan’s strategic global expansion, amplified by positive regulatory tailwinds, marks a pivotal moment, enabling us to collaboratively deploy our institutional-grade technology to accelerate business growth and unlock new opportunities in the OTC crypto markets While emphasising on building the next-generation liquidity infrastructure for institutional crypto trading, Julia Zhou, COO at Caladan said: Finery Markets’ ECN technology allows us to instantly scale price distribution and deepen our presence across OTC venues ￰9￱ partnership is a deliberate step in our broader expansion strategy to redefine how institutions access reliable, multi-venue digital asset ￰10￱ in 2017, Caladan provides liquidity, treasury solutions, and investment support to exchanges, tokens, and institutional ￰11￱ Markets, meanwhile, focuses on delivering non-custodial ECN and SaaS trading infrastructure to clients in more than 35 countries.