Wintermute Sets Sights on U.S. Expansion with New York Office

Market-Maker and Algorithmic Trading Firm Eyes Growing U.S. Market

Wintermute, a leading market-maker and algorithmic trading firm, is expanding its services into the U.S. market, starting with a new office in New York. According to recent reports, the firm’s CEO, Evgeny Gaevoy, announced the plans at the Consensus crypto conference in Hong Kong.

Wintermute, which is headquartered in London and recently opened an office in Singapore, aims to extend its reach with a “new added focus on the U.S.” Gaevoy stated that the firm wants to offer over-the-counter products to U.S. customers as part of its expansion. Additionally, Wintermute plans to hire around five to ten more employees to join its 130-member team.

Regulatory Changes and Funding

Insider sources have claimed that Wintermute received funding in a round led by Chinese tech firm Tencent Holdings, although representatives from both companies have not commented on the news. Previously, it was reported that Wintermute was looking to raise around $300 million, including shares, through Tencent’s funding round.

Gaevoy expressed optimism about the regulatory changes currently underway in the U.S. under the Trump administration, believing that other countries will likely follow the U.S.’ lead in developing more crypto-friendly regulations. U.S. lawmakers have been focused on crypto regulations, both on the national and state level.

Crypto Regulations and Stablecoins

David Sacks, the appointed crypto czar, held a media conference on February 4, outlining Trump’s vision to advance the crypto industry in the U.S. Sacks focused on stablecoins and their potential to strengthen the U.S. dollar. He also stated that the “feasibility of a strategic BTC reserve” was a top priority for the crypto council.

Nearly 24 U.S. states, including Alabama, Arizona, Florida, Iowa, Pennsylvania, Wyoming, and Utah, have reportedly begun exploring legislation to establish strategic Bitcoin reserves.

“The U.S. is likely to lead the way in developing more crypto-friendly regulations, and other countries will likely follow.”

Stay up-to-date with the latest news on cryptocurrencies, investing, and finance on Global Crypto News.

Tips for Investors:

  • Keep an eye on regulatory changes in the U.S. and their potential impact on the crypto market.
  • Consider the growing demand for stablecoins and their potential to strengthen the U.S. dollar.
  • Stay informed about the latest developments in the crypto industry, including funding rounds and expansions.
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