Blockchain.com Ventures leads seed funding for Wintermute Trading

Wintermute Trading, a global algorithmic market maker for digital assets, announced that it has completed the seed funding round led by Blockchain.com Ventures.

New capital poured into crypto market maker Wintermute.

Wintermute Trading is a proprietary trading company and crypto market maker.

Following its investment, Samuel Harrison, the managing partner at Blockchain.com Ventures, will be joining Wintermute's board of directors.

In a joint statement, Blockchain.com said that its investment in Wintermute aims to contribute to the creation of an open, fair, and accessible financial system.

Peter Smith, the co-founder, and CEO of Blockchain.com, said that Wintermute has been one of the earliest partners to the Blockchain.com Exchange, which allowed the company to get to know the Wintermute team intimately.

Funding to help Wintermute capture a bigger market share.

Wintermute said that the funding raised in the seed round will be used to further enhance its technology to create a more liquid, efficient, and professional cryptocurrency market.

The experience of the team, combined with innovative and reliable technology, established Wintermute as a preferred partner to institutional investors.

Evgeny Gaevoy, the CEO of Wintermute Trading, said that the company was excited to be working with such a wide variety of clients.