Wintermute to pour $1B into AI, high-frequency trading amid TradFi expansion: Report
Summary
Wintermute plans to invest up to $1 billion over five years in AI data center infrastructure and high-frequency trading. The crypto market maker aims to grow its non-crypto business from about 10% today to more than 50% by the end of 2027. It also expects to double its 17-person New York office next year and increase global headcount by roughly 40%. The move reflects a broader shift by crypto firms into traditional finance, especially tokenized stocks and other real-world assets, as exchanges and Wall Street institutions pursue new revenue streams through blockchain-based trading products.
