Stock Market
By Sydney TheCMO
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New York Office Doubles, Global Headcount Climbs 40%. The hiring push is already taking shape. Wintermute's New York office currently runs with 17 people.
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Tokenized Stocks and the Race Into TradFi. Wintermute isn't alone in this pivot. Crypto firms have been eyeing traditional finance for a…
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Why the 2027 Target Is Aggressive. Going from 10% non-crypto revenue to 50%+ in roughly two years is a steep climb.
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Wintermute is going big. The crypto market maker just committed up to $1 billion over the next five years to build out AI data center infrastructure and high-frequency trading…
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CEO Evgeny Gaevoy laid out the plan in a recent report. The goal is blunt: flip the firm's revenue mix so that non-crypto activities account for more than 50% of total business…
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It's worth pausing on the New York number. Doubling a 17-person office sounds modest until you consider that it's the beachhead for a traditional finance push that's supposed to…
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The $1 billion figure is spread over five years, so it's not a single check written tomorrow.
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Wintermute isn't alone in this pivot. Crypto firms have been eyeing traditional finance for a while, and the tokenized assets space has become the clearest on-ramp.
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And it's not just coming from the crypto side. Traditional finance is moving toward blockchain at the same time.
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See also: MoneyGram Bets on Solanas Speed to Push DeFi Liquidity Forward
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So there's pressure from both directions. Crypto firms are pushing into traditional markets. Traditional markets are adopting blockchain rails.
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High-frequency trading is probably the clearest fit for what Wintermute already knows how to do.
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Going from 10% non-crypto revenue to 50%+ in roughly two years is a steep climb. It's not impossible, but it requires a lot of things to go right at once: the hiring, the…
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What's clear is the direction. Wintermute wants to be a multi-asset trading firm, not just a crypto liquidity provider.
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Firms that wait for the market to fully mature before moving tend to find the best positions already taken. Wintermute is apparently betting it's still early enough to grab one.
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