OTC Markets Sees Record International Activity with $609B in 2025 Cross-Traded Volume

Cross-traded International securities continue to be a main driver of dollar volume growth on our markets. This past year as overall dollar volume grew by 44.5% YoY, cross-traded international securities grew by 46.7% to reach $609B. Since 2016, OTC Markets dollar volume has increased by 280%. In 2025, 55% of the dollar volume originated from European cross-traded securities, and the average daily notional for European cross-traded securities was 1.2 billion in Q4 alone.

2025 Year End OTC Markets Cross-Traded Stats
Cross- Traded International Securities Dollar Volume: $609.5 Billion, +46.7% Year over Year

Europe: $336.8B, +42.8%
Asia: $206.6B, +53.4%
North America (non-U.S.): $61.1B, +47.1%

Key Q4 2025 Dollar Volume vs Q4 2024

Europe: $82.08B, +18.26%
Asia: $49.52B, +32.08%
North America (non-U.S.): $20.5B, +79.4%
South America: $0.62B, +28.8%
ME-Africa: $0.82B, +67.6%

Read our quarterly recaps to learn more about international trading our markets for this past year:

To learn more about OTC Markets Group Market Data visit otcmarkets.com

OTC Markets 2025 Year-End Review: Dollar Volume Up 44.5% to $691B Previous post

OTCQX Best 50 2026 Next post

Matt Fuchs

Matthew Fuchs, EVP of Market Data, leads the product development, distribution and sales of market data at OTC Markets Group. Prior to joining OTC Markets Group, he served in a number of financial technology roles at the National Research Exchange, Bearing Point and Arthur Andersen. Matt received a BA from Columbia University