Wintermute Asia Integrates with CME, Executes First BTC Block

Wintermute’s digital assets arm, Wintermute Asia, has completed integration with CME Group and executed its first options block trade, which was traded between the firm and TP Icap with ABN Amro as clearer.

Wintermute says as institutional demand for secure and alternative methods to get exposure to digital assets increases, Wintermute Asia has continued to develop and build out its derivatives product offering, with the CME integration being the latest milestone in this process. Currently, the firm offers vanilla options in BTC, ETH, and a range of altcoins, ranging from one-day to six-month expiries, as well as exotics.

“Wintermute Asia is excited to offer a range of OTC derivatives solutions to our counterparties that can accommodate all of their trading needs,” says Evgeny Gaevoy, CEO of the Wintermute Group. “Our growing suite of derivative instruments allows investors to easily hedge and manage risks, generate yield, and gain synthetic exposure to the underlying digital assets. An increasing number of institutional leaders are actively broadening their portfolios by extending their presence within the digital asset sector [and] our integration with CME reflects the growing importance of established exchanges in digital markets.“

Sam Newman, digital assets head of broking at TP Icap, adds, “In such a fast-growing and exciting market, it is fantastic to see crypto-native firms such as Wintermute accessing traditional products and services, solidifying our belief that the maturation of this market is building momentum.”