Top Crypto Market Maker Wintermute Opens New York Office Amid Trump Optimism: Report
A crypto market maker is reportedly opening up a new office in New York due to the pro-crypto nature of President Donald Trump.
According to a new report from Bloomberg, crypto liquidity provider Wintermute – which already has offices in London and Singapore – is looking to venture into the US for the first time.
Evgeny Gaevoy, the firm’s chief executive, told Bloomberg in an interview that Wintermute has “new added focus in the US” regarding growth and plans to offer over-the-counter products to US customers as part of its expansion. He also says the firm is adding 5-10 positions for the additional US office.
According to Gaevoy, Wintermute is optimistic about the possibility of upcoming regulatory changes for the digital assets industry in the US. After his inauguration, Trump signed the executive order “Strengthening American Leadership in Digital Financial Technology” to support the growth of the US blockchain industry.
Under the previous Administration, regulatory bodies such as the U.S. Securities and Exchange Commission (SEC) hit many prominent crypto firms – including Coinbase, Kraken, Binance, Ripple Labs, and Consensys – with high-profile enforcement actions.
Wintermute was founded in 2017 by Gaevoy and in 2021, it raised $20 million in a Lightspeed Ventures-led Series B round with the help of venture capitalist firms Pantera Capital and Hack VC, according to the report.
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Author: Mehron Rokhy
