Wintermute Moves Into U.S. Market As Rules For Digital Assets Get Easier
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Wintermute, a company that uses computers to trade digital assets, has opened its new U.S. headquarters in New York City. The firm has also chosen Ron Hammond, who worked at the Blockchain Association, to be the new head of policy and advocacy. This move shows how Wintermute wants to grow in the U.S. market.
Wintermute Sees Better Rules For Digital Assets In The U.S.
Wintermute explained that better rules for digital assets in the U.S. helped decide when to expand. The company’s Chief Executive Officer, Evgeny Gaevoy, pointed out that the current government is friendlier to cryptocurrency and blockchain innovation. He noted that the United States is now welcoming such technology, making it the right time to open an office in the country’s financial center.
The new New York office will be key to Wintermute’s work in the U.S. It will help the company work closely with other American firms and partners. Wintermute said it trades about $15 billion daily across many centralized and decentralized exchanges.
Gaevoy added that the company wants to grow more in the U.S. market and help shape rules for the industry. Wintermute has recently met with the U.S. Securities and Exchange Commission’s Crypto Task Force to share its knowledge and views.
Ron Hammond brings nearly ten years of experience in rules and laws about digital assets. He worked at the Blockchain Association and other places where he helped develop cryptocurrency rules. He is excited to join Wintermute and help the company grow in the U.S.
Ron Hammond Is Set To Lead Wintermute’s U.S. Policy Work
In his new role, Hammond will lead Wintermute’s efforts to work with U.S. regulators and other groups. He will help provide expert advice on new laws and ideas about digital assets and coordinate how the company responds to new government proposals.
Wintermute’s move to the U.S. comes after a period of strong growth for the company. The firm reported a 313 percent rise in over-the-counter trading volumes this year compared to last year, much faster than the general crypto market’s 142 percent increase.
In November last year, Wintermute reached a record with $2.24 billion in spot trading volume in a single day. The company also expanded its partnerships with large institutions. For example, it started offering all-day trading support for BlackRock’s digital liquidity fund in December last year.
Wintermute is also growing its U.S. team with new hires in business development, partnerships, and other roles. The company appears ready to increase its presence and influence in the American digital asset market.
