Wintermute is expanding beyond the crypto market amid a prolonged decline in trading activity.
One of the largest crypto market makers plans to invest $1 billion over the next five years in AI technologies and high-frequency trading infrastructure. The company wants to expand into traditional markets and potentially compete with giants like Jane Street, Jump Trading, and Citadel Securities.
According to Wintermute's CEO, the low activity in the crypto market may persist for some time, so the company sees opportunities for growth beyond it. Wintermute currently processes an average of ~$10 billion in trading volume per day.
One of the largest crypto market makers plans to invest $1 billion over the next five years in AI technologies and high-frequency trading infrastructure. The company wants to expand into traditional markets and potentially compete with giants like Jane Street, Jump Trading, and Citadel Securities.
According to Wintermute's CEO, the low activity in the crypto market may persist for some time, so the company sees opportunities for growth beyond it. Wintermute currently processes an average of ~$10 billion in trading volume per day.