The team at ARPA reveals that they’re partnering with Wintermute, a global algorithmic market maker in digital assets.
As explained in the update, Wintermute will help ARPA for liquidity provision on centralized and decentralized exchanges. It will support ARPA fiat currency pairs like ARPA/EUR, ARPA/USD, etc.
Wintermute can also “help facilitate bulk transactions via OTC.” In the near future, ARPA will expand their collaboration potentials “on the product side,” the update revealed.
Backed by various technology and blockchain VC firms, Wintermute offers liquidity on more than 50 exchanges and trading platforms, including Binance, Coinbase, Huobi Global, Kraken, FTX, Bitfinex, Bitstamp, dydx, and Uniswap.
Wintermute’s cumulative trading volume reportedly reached more than $766 billion “as of July 2021.”
As mentioned in the announcement:
“We believe liquidity and accessibility are crucial to any assets. Our team is dedicated to providing the best-in-class liquidity, accessibility, and use cases for $ARPA as a global asset. $ARPA is widely accessible on leading exchanges including Binance, Coinbase, Huobi Global, Uniswap, Gate.io, KuCoin, and many more with aggregated daily trading volume exceeding $1.5 billion, which puts $ARPA among the top 20 most-traded tokens in the world.”
The update also noted that ARPA believes the partnership with Wintermute will help them further enhance the availability, liquidity, accessibility, and overall market efficiency “in centralized and decentralized trading platforms.”
Felix Xu, Cofounder and CEO of ARPA, stated:
“Among many things that align with ARPA’s values, Wintermute’s tech-first approach stands out. We believe with their expertise, the liquidity of ARPA tokens will further improve, and the adoption of the asset as well as our technology will be seen on a wider scope. Soon enough, ARPA holders will enjoy stronger market efficiency and easier accessibility across both crypto and fiat sides.”
Wintermute’s management added:
“As advocates for continuing innovation in DeFi, Wintermute is excited to be strategically partnering with ARPA to rethink how data is handled and analyzed. We look forward to following how ARPA will enable entities to collaborate while keeping data protected and secure.”
As covered, Wintermute is a new generation algorithmic trading firm that “uniquely merges technological sophistication and best practices from traditional capital markets, the culture and speed of a hyper-growth technology startup, and the cutting edge innovation of a blockchain-native company.”
Wintermute was founded in July 2017 by three Optiver veterans.
Wintermute is a market maker of digital assets internationally. Supporting many different blockchain initiatives, the company claims that it “manages hundreds of millions in assets and trades more than $4B+/day across dozens of different trading platforms.”
ARPA is a blockchain-based solution “for privacy-preserving computation, enabled by Multi-Party Computation (MPC).”
Established in April 2018, the goal of ARPA is to “separate data utility from ownership and enable data renting.”
ARPA’s MPC protocol creates “ways for multiple entities to collaboratively analyze data and extract data synergies while keeping each party’s data input private and secure.”
For more details on this update, check here.
