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Wintermute plans to launch a crypto derivatives exchange and a crypto-related index
2023-11-02 03:21:28
Odaily News Wintermute Trading Ltd. co-founder Evgeny Gaevoy said in an interview that it is planning to launch a cryptocurrency derivatives exchange and is working on launching a cryptocurrency-related index. The company also supports a lending program that has not yet been launched. But timelines for some of the projects have yet to be determined and it declined to provide more specific information on each project. Additionally, Gaevoy said Wintermute Trading Ltd. has remained profitable and is diversifying its business to prepare for another bull market cycle. Wintermute COO Marina Gurevich said the company is currently trading between $2 billion and $3 billion per day, down from $7.5 billion per day during the market peak in 2021. Additionally, there are plans to add 10% or 10 employees over the next two to six months. Since 2020, Wintermute has supported more than 80 projects. (Bloomberg)