Wintermute Co-founder: Wintermute remains profitable and plans to launch a cryptocurrency-related index

2023-11-02 12:09:58

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ChainCatcher news, according to Bloomberg, Wintermute Trading Ltd. co-founder Evgeny Gaevoy stated in an interview that Wintermute has remained profitable and is diversifying its business to prepare for another bull market cycle.

Wintermute is also supporting a yet-to-be-launched lending project, is considering launching a cryptocurrency derivatives exchange, and is working on introducing a cryptocurrency-related index. The timelines for some of these projects have not been determined, and it declined to provide more specific information on each project. Since 2020, the company's venture capital division has supported over 80 projects. Headquartered in London and Singapore, Wintermute plans to expand its workforce by 10% or 10 employees in the next two to six months.

Wintermute's Chief Operating Officer Marina Gurevich stated that the company's daily trading volume currently ranges between $2 billion and $3 billion, down from $7.5 billion per day during the market peak in 2021.

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