Copy link
Increase text size
Decrease text size
Link copied leads seven-figure funding for crypto market maker Wintermute Trading

Wintermute Trading Homepage Screenshot (TokenPost)

Tue, 11 Feb 2020, 10:15 am UTC

Crypto market maker Wintermute Trading has raised an undisclosed sum in a seed funding round led by, The Block reported.

The round, in which a "seven-figure" sum was raised, also saw participation from FBG Capital and other angel investors.

Founded in 2017, London-based Wintermute Trading aims to provide the crypto exchange ecosystem with liquid and efficient markets. It has trading algorithms in the market and provides liquidity on over 100 crypto exchanges. It counts Binance, Coinbase, Kraken, OKCoin, Seed CX, and others among its partners.

"We had the pleasure of getting to know the Wintermute team intimately in their capacity as an early partner to the Exchange,” said Peter Smith, co-founder and CEO of “We were impressed with their execution capabilities, which we view as best in class, and developed conviction that they will become a leading market making force.”

Wintermute intends to use the funding to improve its algorithmic platform and expand its team. Speaking to the news outlet, co-founder and CEO Evgeny Gaevoy said that their platform is built on “100% proprietary technology” and enhancement will be done using the standards of mature markets and not by the still-nascent crypto standards.

Gaevoy claimed that Wintermute currently covers 70% of vetted exchange volumes and it is planning to increase it to “90% in the coming months.” He also revealed that the company is planning to expand its OTC plans significantly.

Wintermute also plans to raise series A in "late 2020-beginning 2021, which would potentially cover the development of projects in adjacent spaces.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.05.04 02:35:16
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more me on whatsapp :+12067425358 happy new year to you all .
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $9,677.80 (+1.78%)
  • Ethereum (ETH) $245.47 (+3.84%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $257.88 (+4.22%)
  • Bitcoin SV (BSV) $198.23 (+1.86%)
  • Bitcoin (BTC) $9,677.80 (+1.78%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.