Wintermute Expands to U.S. Market

Wintermute CEO Evgeny Gaevoy has announced plans to focus on expanding the company’s services into the U.S. market by opening an office in New York.

According to a recent Bloomberg report, the algorithmic trading firm and market-maker Wintermute, which has its main office in London and opened a Singapore office in December 2024, is now looking to establish a presence in New York.

During the Consensus crypto conference in Hong Kong, CEO Evgeny Gaevoy expressed the company’s ambitions to extend its reach with a “new added focus on the U.S.”

Gaevoy mentioned that Wintermute aims to offer over-the-counter products to U.S. clients as part of this expansion and plans to hire five to ten additional employees to join its existing team of 130.

Funding and Regulatory Outlook

Recently, insider sources reported that Wintermute received funding led by Chinese tech giant Tencent Holdings. However, both Tencent and Wintermute representatives have yet to comment on this information. Previously, crypto.news reported that Wintermute aimed to raise around $300 million, including shares through Tencent’s funding round.

Gaevoy expressed optimism regarding the evolving regulatory landscape in the U.S., particularly under the Trump administration. He believes that other nations may follow the U.S.’s advancements toward more crypto-friendly regulations.

U.S. lawmakers have been paying significant attention to crypto regulations at both national and state levels. On February 4, appointed crypto czar David Sacks held a press conference to elaborate on Trump’s vision for advancing the crypto industry, specifically highlighting stablecoins’ potential to strengthen the U.S. dollar.

Furthermore, about 24 U.S. states are reportedly exploring legislation to establish strategic Bitcoin reserves, including Alabama, Arizona, Florida, Iowa, Pennsylvania, and Wyoming among others.

Read more: Hong Kong lawmaker calls for crypto acceleration after U.S. crypto czar press conference.