Wintermute, a crypto market maker, is expanding its operations into the U.S., including opening a New York office and introducing OTC products for American customers.
Crypto Market Maker Wintermute Eyes US Growth With New OTC Products
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Wintermute Plans U.S. Expansion, Cites Trump’s Pro- Crypto Stance
Wintermute, one of the largest liquidity providers in the crypto market, is set to expand into the U.S. with plans to open an office in New York and introduce over-the-counter (OTC) products for American clients.
According to Bloomberg, CEO Evgeny Gaevoy shared the company’s expansion strategy at the Consensus conference in Hong Kong.
With existing offices in London and Singapore, Wintermute’s U.S. entry signals confidence in regulatory changes under the Trump administration. Gaevoy believes other global markets may follow the U.S.’s lead on crypto policy.
As part of its expansion, Wintermute plans to add 5 to 10 employees to its 130-person team. The company recently raised funding in a round led by Tencent Holdings Ltd., following its $20 million Series B round in 2021 backed by Lightspeed Ventures, Pantera Capital, and Hack VC.
Wintermute’s U.S. move aligns with growing industry optimism, as Trump’s pro-crypto stance contrasts with the previous SEC-led crackdown under the Biden administration.
