Crypto market maker Wintermute is opening its first US office in New York City. This move comes amid optimism surrounding potential regulatory changes under a potentially more crypto-friendly administration.
A New York Foothold
The company, which already has a presence in London and Singapore, is expanding into the US market, focusing on offering over-the-counter (OTC) products to American clients. CEO Evgeny Gaevoy confirmed the news, stating that Wintermute is adding 5-10 new positions for the New York office as part of a broader US growth strategy.
Riding the Wave of Change
Gaevoy expressed confidence in the future of crypto regulation in the US. This optimism stems from a belief that the regulatory landscape could become more favorable for the crypto industry. The previous administration saw increased regulatory scrutiny of major crypto firms, leading to several high-profile enforcement actions. A shift in approach is anticipated.
Wintermute’s Background
Founded in 2017, Wintermute secured $20 million in Series B funding in 2021, with participation from prominent venture capital firms. The company’s expansion into New York signifies its significant investment in the US crypto market.
