Wintermute to pour $1B into AI, high-frequency trading amid TradFi expansion: Report
Wintermute will reportedly invest $1 billion in AI infrastructure and high-frequency trading as part of its expansion into traditional finance.
Wintermute, a crypto market maker, is planning to invest up to $1 billion into AI data center infrastructure and high-frequency trading over the next five years. The expansion aims to shift over half of its business to non-crypto activities by the end of 2027 from the current 10%, according to Wintermute CEO Evgeny Gaevoy. The company plans to double its workforce at the New York office next year and expand its global headcount by around 40%.
This move comes as part of the growing trend of crypto-native firms venturing into traditional finance (TradFi), with other prominent crypto exchanges launching tokenized stock offerings and Wall Street entities exploring tokenized equities.
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