Insiders: Tencent leads Wintermute's latest financing round

ChainCatcher news, according to Bloomberg, cryptocurrency market maker Wintermute Trading Ltd. is planning to expand its business into the United States, including opening an office in New York and launching new products domestically.

Wintermute CEO Evgeny Gaevoy stated that as part of the expansion plan, the company intends to offer over-the-counter trading products to U.S. clients and slightly increase its current workforce, adding about 5 to 10 people to the existing team of 130. Gaevoy expressed optimism about potential changes in U.S. regulatory policies and noted that other countries are likely to follow the developments in the U.S.

Additionally, sources say that Wintermute recently raised funds in a financing round led by Chinese tech company Tencent Holdings Ltd.