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The crypto market is divided into two.
Institutional and retail investors are increasingly distinguished by roads, with institutional players anchored in bitcoins
and Ethereum’s Ether {{Eth}} While retail investors pour into altcoins and memoceins, according to a report from the middle of the year, the crypto of the business company Wintermute.
Analysis of over -the -counter volumes of trading, the volumes of institutional trading with the two largest tokens that were maintained at 67%, probably supported by the ETF inflow and structured storage vehicles, the report said. Meanwhile, retail investors reduced BTC and ETH exposure from 46% to 37% and moved capital towards a newer, speculative token.
“This divergence is not a temporary thing; it is a sign that we are experiencing a more advanced, more sophisticated and specialized crypto market,” said Evgeny Gaevoy, CEO and founder of Wintermute.
“Investors no longer take the same trend,” he added. “Institutions consider crypto as a macro asset while retailers continue to attract innovations.”
Overall traditional finance (Tradfi) Companies were the fastest growing coorte of panel volumes trading and grew by 32%year -on -year. This growth was supported by regulatory developments, such as the Genoi Genius Act and the ongoing EU’s introduction that participated in greater trust, the report said.
Retail brokers also recorded a strong activity with a 21% increase in volume in the same period. Meanwhile, cryptomotive companies turned back by 5%.
The volume of OTC options jumped by 412% compared to the first half of 2024 because the institutions accepted derivatives for securing and revenues, the report noted. Meanwhile contracts unlike (CFD) It doubled in diversity and offers access to less liquid tokens in a more efficient way.
Wintermute said that its own volume of OTC desk has seen that the volumes of shoes are growing at more than double the tempo of centralized exchanges, which signals a shift towards a more discrete, large volume trading preferred traditional financing.
The company noted that memecoin activity has become more fragmented. While the total retail trading in memecines has fallen, the number of token traded by individual users doubled and signaled the extension of the taste to micro -trains on the long market tail.
With that inheritance names like dogecoin
And shiba inu lost the soil on a growing list of niches like Bonk, Dogwifhat {{Wif}} And popcat, the message noted.
Looking forward to the second half of 2025, Wintermute analysts said they were watching the Spot Dogecoin ETF races with the final regulatory decision expected by October.
“The result could significantly affect the retail market and set a precedent for other alternative assets,” the report said.
