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Wintermute Says Institutions Drove 72% Of Its Spot OTC Volume In H1 2026
Wintermute says institutions made up 72% of its spot OTC volume in H1 2026, up from 59%. Token coverage growth lagged, with activity concentrated in BTC and ETH.
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Institutional investors accounted for 72% of Wintermute's spot OTC trading volume in the first half of 2026, the firm said in its H1 flow report. That share rose from 59% in the same period a year earlier.
The figure is specific to Wintermute's own OTC desk. It offers a window into how professional capital is using off-exchange channels. OTC desks serve clients that need size and discretion.
Wintermute said institutional token coverage grew more slowly than retail coverage. The report attributed the slower growth to a focus on the most liquid assets, Bitcoin and Ethereum.
The firm did not provide a breakdown by asset in the report.
How this story was producedLast reviewed Aug 11, 2026
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.
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