Wintermute, one of the world’s algorithmic trading firms and OTC desks, announced the establishment of its U.S. headquarters in New York City.
As a player in the digital assets market, Wintermute’s U.S. headquarters will “strengthen the firm’s presence in the world’s largest financial market.”
Wintermute’s New York office represents a milestone in the firm’s global expansion strategy.
Establishing a foothold in the capital of global finance will allow Wintermute to foster “relationships with US-based counterparties and partners.”
In conjunction with this expansion, Wintermute has tapped Ron Hammond, the former Senior Director of Government Relations and Institutional Engagement “for the Blockchain Association, as Head of Policy and Advocacy.”
In his role, Hammond will lead policy engagement for Wintermute in the United States, “bringing the firm’s market expertise into direct engagement with policymakers.”
He will work with regulators and other industry stakeholders at both the federal and state levels “by offering technical input on legislation, contributing policy ideas, building alignment on policy issues across the ecosystem, and coordinating responses to proposals with other industry players.”
His appointment reflects Wintermute’s intent to play a “role in building the regulatory architecture of digital asset markets in the U.S.”
Hammond brings with him “nearly ten years of regulatory experience in crafting bipartisan crypto bills and frameworks on Capitol Hill, beginning in 2016 as Financial Services Policy Lead for Congressman Warren Davidson of Ohio.”
During his tenure at the Blockchain Association, he authored “several pieces of legislation, most notably the Token Taxonomy Act, the first bipartisan market structure bill to regulate cryptocurrency.”
The establishment of this east coast presence “signals Wintermute’s confidence in, and commitment to, the growth trajectory of digital asset markets throughout North America.”
It strengthens the firm’s ability to “support its OTC counterparties locally, with a growing team on the ground to engage with partners across the region.”
Alongside Hammond, Wintermute is expanding its “business development and partnership team and hiring across various other roles.”
Wintermute is a global “algorithmic trading firm, OTC desk, and liquidity provider in digital assets.”
With over $15 billion in average daily trading volume, it provides liquidity across “60+ centralized and decentralized exchanges and is a key partner to token projects seeking deep, scalable liquidity.”
Wintermute’s trading infrastructure allows it to operate “across the entire digital asset ecosystem, making it the counterparty for a range of players, including some of the world’s traditional financial institutions.”
This reach extends into traditional finance, with “active trading on exchanges such as CME and Eurex.”
Building is central to Wintermute’s DNA, with the company “incubating new protocols, some of which have grown into independent businesses.”
