Wintermute Builds TradFi Presence with oneZero Deal

Wintermute Asia, the digital assets trading arm of algo trading outfit Wintermute Group has integrated its spot and CFD liquidity in the oneZero EcoSystem – at the same time Wintermute has introduced what it says is the market’s first multi-currency collateral support, that allows counterparties to post any crypto or fiat currency as margin for CFD trading.

Wintermute adds that although CFDs are a newer addition to its OTC derivatives offering, launched in March, trading volumes have seen “notable growth”, increasing over threefold by June. It says that it sees significant growth opportunities in the relatively smaller volumes of crypto CFDs. Anticipating continued market demand for efficiently cleared and settled digital asset contracts, it has therefore integrated with oneZero’s liquidity-neutral EcoSystem on behalf of its clients, that covers more than 250 brokers, banks, and liquidity providers who trade over $200 billion in notional volumes across a variety of asset classes every day.

“This year’s market momentum and the consistent growth in crypto adoption are driving increased interest in crypto trading,” says Evgeny Gaevoy, CEO of Wintermute. “This interest is partially fueled by the introduction of OTC-cleared derivatives such as crypto CFDs to enhance returns and hedge risk. As a result, we’ve seen a significant influx of traditional FX market participants (banks and brokers) entering the space, seeking top-tier liquidity providers.”

Andrew Ralich, oneZero co-founder and CEO, adds, “We have continued to expand our capabilities to provide solutions to a wide variety of institutional clients, and demand for digital assets is increasing significantly within this client class. Wintermute has an outstanding track record of providing robust liquidity for hundreds of digital assets, ensuring market access for banks and other B2B clientele. OneZero’s ability to offer innovative, multi-asset capabilities alongside our pioneering FX offerings, all backed by a robust data and analytics framework, continues to differentiate our offering.”