TechFlow reported on February 19 that, according to Bloomberg, cryptocurrency market maker Wintermute plans to expand its operations in the U.S., including opening an office in New York and launching new products. Additionally, sources revealed that Wintermute’s latest funding round was led by Tencent.
As one of the largest liquidity providers in the digital asset market, Wintermute currently has offices in London and Singapore. The company's CEO, Evgeny Gaevoy, said in an interview with Bloomberg during the Hong Kong Consensus Conference that the firm is planning to grow and "increase focus on the U.S. market."
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