Insider: Tencent Leads Wintermute's Latest Funding Round

BlockBeats News, February 19th, according to Bloomberg, cryptocurrency market maker Wintermute Trading Ltd. is seeking to expand its business to the United States, including opening an office in New York and offering new products in the U.S.

Wintermute is one of the largest liquidity providers in the digital asset market and has offices in London and Singapore.

Wintermute's CEO, Evgeny Gaevoy, stated that as part of the expansion plan, the company plans to offer OTC products to U.S. customers and add approximately 5 to 10 people to its existing team of 130.

According to sources familiar with the matter, Wintermute recently raised funds in a financing round led by Tencent Holdings Limited.

Both Tencent and Wintermute did not respond to requests for comment on this financing round.