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    Home » Wintermute aims to offer crypto products in the U.S.
    Crypto

    Wintermute aims to offer crypto products in the U.S.

    John SmithBy John SmithFebruary 19, 2025No Comments2 Mins Read
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    Wintermute CEO Evgeny Gaevoy says the company wants to focus on expanding its services into the U.S., starting with an office in New York.

    According to a recent Bloomberg report, the algorithmic trading firm and market-maker Wintermute has set its sights on the U.S. market. The firm’s main office is in London and it recently opened its Singapore office in December 2024, it now aims to open up an office in New York.

    At the the Consensus crypto conference in Hong Kong, Wintermute Chief Executive Officer, Evgeny Gaevoy, said the company plans to extend its reach with a “new added focus on the U.S.”

    Gaevoy added that Wintermute wants to offer over-the-counter products to U.S. customers as part of its expansion, as well as hiring around five to ten more employees to join the firm’s 130-member team.

    Recently, insider sources claimed Wintermute received funding in a round led by Chinese tech firm Tencent Holdings. However, representatives from Tencent and Wintermute have not responded to the news outlet’s request for comment. Previously reported by crypto.news, the market-making firm was looking to raise around $300 million including shares through Tencent’s funding round.

    Moreover, Gaevoy said the team is feeling optimistic about the regulatory changes currently underway in the U.S. under the Trump administration. He believes that other countries will likely follow the U.S’ lead in terms of developing more crypto-friendly regulations.

    U.S. lawmakers have been particularly focused on crypto regulations, both on the national and state level. On Feb. 4, the appointed crypto czar David Sacks held a media conference where he outlined Trump’s vision to advance the crypto industry in the U.S.

    Sacks focused specifically on stablecoins and how they can potentially strengthen the U.S. dollar. Additionally, he said the “feasibility of a strategic BTC reserve” was a top priority for the crypto council.

    So far, there have been nearly 24 U.S. states that have reportedly began exploring legislations to establish strategic Bitcoin reserves, including Alabama, Arizona, Florida, Iowa, Pennsylvania, Wyoming, Utah and many more.



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