EddieJayonCrypto
20 Feb 25
Wintermute, a leading cryptocurrency market maker, has announced plans to expand its business to the United States. CEO Evgeny Gaevoy revealed the intention to open an office in New York and offer new products to American crypto users. The decision comes after Wintermute's recent funding round led b...
Wintermute, a leading cryptocurrency market maker, has announced plans to expand its business to the United States. CEO Evgeny Gaevoy revealed the intention to open an office in New York and offer new products to American crypto users. The decision comes after Wintermute's recent funding round led by Tencent Holdings. Gaevoy expressed optimism about favorable regulatory changes in the U.S. following the presidency of Donald Trump, known for a crypto-friendly approach. Additionally, the SEC's regulatory actions have impacted companies like Kraken, leading to recent resumptions of certain services in the U.S.
Wintermute has added a new focus on the United States to its expansion plans, intending to increase its employee headcount by five or ten people. This expansion decision follows a funding round led by Tencent Holdings, though the exact amount raised remains undisclosed. Gaevoy expressed optimism about the advantages that could come from favorable regulatory changes in the United States, potentially influencing other countries as well.
Since the crypto-friendly U.S. President Donald Trump assumed office in January, several companies that left the country or halted certain services have revealed plans to resume operations. The SEC's actions, including fining crypto exchange Kraken, have had ripple effects on the industry. Kraken recently resumed its crypto staking services in the U.S. after obtaining regulatory approvals.