PANews reported on April 11 that according to The Block, the first quarter report released by Finery Markets showed that based on the continued increase in cryptocurrency trading volume in the fourth quarter of 2024, the cryptocurrency trading volume of institutional trading platforms has further increased, driven by market enthusiasm stimulated by changes in US regulatory policies and increased confidence in stablecoins. The study analyzed 2 million institutional spot transactions from January to March and found that OTC trading volume increased by 141% year-on-year and stablecoin activities increased by 158% year-on-year.

Cryptocurrency-to-stablecoin transactions grew most significantly during the first 100 days of Donald Trump’s presidency. As U.S. policymakers pushed stablecoin rules through the Senate and House, transactions in the space grew fivefold in the first quarter of 2025 compared to the first quarter of 2024. Crypto-to-cryptocurrency transactions ranked second, growing nearly threefold year-over-year to 189%, while crypto-to-fiat exchange volumes grew only 35% year-over-year. Overall, 95.3% of transactions involved Bitcoin (up 7% year-over-year), Ethereum (up 36% year-over-year), or stablecoins, suggesting that businesses have not yet widely dabbled in altcoins.