Wintermute is a cryptocurrency trading firm that operates as both a proprietary trader and liquidity provider. The company runs OTC desks for spot and derivatives trading across digital assets including tokens, options, forwards, and CFDs, with recent expansion into commodity derivatives like crude oil. It also provides algorithmic trading execution, blockchain research, and DeFi governance participation.
The firm serves institutional clients seeking liquidity in digital assets and protocols seeking market makers. Wintermute operates entities in the UK (registered with the FCA for cryptoasset activities) and Singapore, with offices in London and New York. It also invests through Wintermute Ventures in early-stage DeFi protocols.