Wintermute Plans $1B Investment in HFT and AI Infrastructure to Expand Into Traditional Markets According to Bloomberg, crypto market maker Wintermute plans to invest about $1 billion in high-frequency trading and AI data-center infrastructure over the next five years, funded through retained earnings, while expanding into equities, commodities, foreign exchange and prediction markets. CEO Evgeny Gaevoy said average daily trading volume has fallen from about $15 billion last year to $10 billion this year. Non-crypto markets currently generate around 10% of revenue, with Wintermute targeting more than 50% by the end of 2027. Its U.S. affiliate has registered as a broker-dealer, allowing it to trade equities and equity options and act as an authorized participant for exchange-traded products. Wintermute also plans to double its 17-person New York team next year and expand its global headcount by 40%.
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