Wintermute dropping $1B into AI infrastructure and HFT systems. Not just crypto anymore — they're going after stocks, commodities, and FX markets too.
This is the natural evolution. Crypto market makers have the tech stack, the speed, the infrastructure. TradFi is slower, fatter spreads, more inefficiencies to exploit.
When you've been trading $BTC at millisecond speeds for years, moving into currency exchange and traditional markets is just leveraging what you already built. The same algos that arb crypto can arb euro exchange rates or commodity spreads.
Big money recognizing that the future of trading isn't human anymore — it's whoever has the fastest pipes and smartest models. And crypto firms already live in that world.
This is the natural evolution. Crypto market makers have the tech stack, the speed, the infrastructure. TradFi is slower, fatter spreads, more inefficiencies to exploit.
When you've been trading $BTC at millisecond speeds for years, moving into currency exchange and traditional markets is just leveraging what you already built. The same algos that arb crypto can arb euro exchange rates or commodity spreads.
Big money recognizing that the future of trading isn't human anymore — it's whoever has the fastest pipes and smartest models. And crypto firms already live in that world.