Wintermute plans to invest approximately $1 billion over the next five years, expanding into high-frequency trading and AI data centers while growing its presence in traditional financial markets

Odaily News, Wintermute plans to invest approximately $1 billion over the next five years in high-frequency trading and AI data center infrastructure, while expanding into traditional financial markets such as equities, commodities, and foreign exchange. Wintermute founder and CEO Evgeny Gaevoy said the company hopes to gradually transform into a comprehensive trading firm similar to Jane Street or Citadel Securities. Gaevoy noted that competing with institutions that have spent decades optimizing technology and infrastructure in traditional markets requires massive investment. In addition to reducing trading execution latency, Wintermute will also leverage vast market data to continuously train and retrain more sophisticated quantitative models, and secure sufficient computing, storage, and network resources. The infrastructure investment is expected to be primarily funded by the company's retained earnings. Affected by the crypto market downturn, Wintermute's average daily trading volume has dropped from approximately $15 billion last year to $10 billion this year. Currently, about 10% of the company's revenue comes from non-crypto markets, with the goal of increasing that proportion to over 50% by the end of 2027. The company has begun trading ETFs and perpetual contracts linked to real-world assets, and will launch a prediction market trading business in early 2026. Wintermute's U.S. subsidiary has registered as a broker-dealer, allowing it to trade equities and equity options and serve as an authorized participant for exchange-traded products. The company currently has 17 employees in New York and plans to double its local headcount next year, with global staff expected to grow by 40%.