Institutional trading firm Caladan has announced its integration with electronic communication network Finery Markets amid a sharp increase in OTC trading volumes in early 2025.
Integration of Caladan and Finery Markets
Caladan has integrated with Finery Markets' ECN, allowing it to expand its reach across more than 35 countries. This partnership comes as global OTC activity surged 112.6% in the first half of 2025. Caladan, which processes over $170 billion in annual trading volume, will utilize Finery Markets’ hybrid infrastructure to enhance price distribution across multiple venues.
Increase in OTC Trading Demand
Finery Markets’ H1 2025 report showed a 57.6% rise in deal count and more than doubled overall trading volume. An uptick in institutional demand for flexible liquidity solutions is likely to follow. Finery Markets CEO Konstantin Shulga remarked: "We are excited to welcome Caladan to our expanding network. Their blend of traditional finance expertise and long-term crypto vision aligns perfectly with our mission."
About Caladan and Finery Markets
Caladan has been operational since 2017, providing liquidity solutions, treasury management, and DeFi expertise. It processes $170 billion in transactions annually across over 1,000 assets. Finery Markets operates a non-custodial ECN and provides tailored trading SaaS solutions, supporting secure and transparent digital asset operations in over 35 countries.
The integration of Caladan with Finery Markets opens new opportunities for enhancing liquidity and strengthening positions in the OTC trading market, which is expected to drive further institutional demand.
