Wintermute plans to expand in the United States and open an office in New York

Cryptocurrency market maker Wintermute Trading Ltd. is considering expanding its business to the United States, including opening an office in New York and offering new products on American soil.

Wintermute is one of the largest liquidity providers in the digital asset market, with offices already established in London and Singapore.

CEO Evgeny Gaevoy described the company's growth plans and "new focus on the US" during an interview at the Consensus conference in Hong Kong.

Gaevoy stated that as part of their expansion plan, they intend to offer OTC products to U.S. customers and add about 5 to 10 people based on their existing team of 130 members.

According to insiders, Wintermute recently raised funds in a financing round led by Tencent Holdings Limited. Both Tencent and Wintermute did not respond to requests for comment on this round of financing.

The company previously completed a $20 million Series B funding round led by Lightspeed Ventures in January 2021, with participation from Pantera Capital and Hack VC among others. (Bloomberg)