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pan

Wintermute enters the prediction market making, expanding into event contract liquidity

According to The Block, quantitative market maker Wintermute has announced its entry into the prediction market sector, providing two-way quote liquidity services for several mainstream event contract platforms, marking the official expansion of its trading infrastructure into the emerging market at the intersection of crypto and traditional assets.The company stated that it has been continuously providing buy and sell bilateral quotes on multiple "leading platforms," with the total monthly trading volume of these prediction markets exceeding $20 billion this year, indicating that this sector is growing rapidly but still in the early stages of liquidity. Wintermute's annual trading volume exceeds $3.5 trillion, and this expansion further strengthens its cross-asset market-making capabilities.Jake Ostrovskis, head of OTC trading at the company, stated that prediction markets have a demand structure similar to traditional major asset classes, but liquidity is still insufficient, requiring continuous bilateral quotes to enhance price discovery efficiency and trading depth. He pointed out that tighter spreads and greater trading capacity will improve the quality of market probability signals.In the industry, institutions such as Jump Trading and Galaxy Digital have also entered this field, with some platforms like Polymarket and Kalshi having a cumulative trading volume exceeding $150 billion. Analysts believe that Wintermute's entry further promotes the integration of prediction markets and crypto infrastructure, especially in terms of stablecoin settlement, on-chain clearing, and risk management systems, as these markets gradually approach a derivatives-level institutional development structure.

AI and leading tech stocks continue to show strong momentum, Gate expands its global asset trading coverage capabilities

Recently, the technology sector of the US stock market has continued its structural strength, with AI and leading consumer electronics companies remaining the focus of capital attention. According to Gate market data, NVIDIA (NVDA) is currently priced at about $210.67, with a slight intraday pullback, but the demand for AI computing power and expectations for data center expansion remain core drivers in the medium to long term. In the derivatives market, according to CoinGlass data, NVDAX on the Gate platform reached a trading volume of $4.6 million in 24 hours, with open contracts totaling $3.42 million, both ranking first globally.As global user demand for traditional asset allocation such as US stocks continues to grow, Gate is continuously bridging the gap between cryptocurrency and traditional financial trading scenarios through a unified account system. Users can conveniently participate in trading mainstream global assets such as stocks, metals, foreign exchange, indices, and commodities through a single USDT account, further enhancing cross-market trading efficiency and capital usage flexibility. Gate has launched over 130 perpetual contract targets related to US stocks, as well as over 430 CFD contract targets, and continues to expand its diverse product lines including spot tokens, perpetual contracts, and on-chain assets, supporting 24/7 trading to provide users with a more flexible and efficient one-stop global asset trading experience.
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