On Wednesday, Wintermute, a world crypto market-maker headquartered in London, introduced that it has launched a brand new over-the-counter (OTC) platform, referred to as Wintermute NODE, designed to allow institutional purchasers and certified traders to commerce digital property and their derivatives.
Wintermute mentioned that the brand new platform is meant to be a one-stop store to offer price discovery, buying and selling, and publicity monitoring of digital property. The platform will cost zero charges and permit clients to entry Wintermute’s liquidity over API and internet interface straight.
The agency said that Wintermute NODE permits shopping for and promoting any token, any product, in any method. According to Thursday’s assertion, Wintermute NODE runs 24/7 on 60+ centralized and decentralized exchanges, providing liquidity and quite a lot of CeFi and DeFi venues and shopping for and promoting over $5 million a day. Businesses also can entry perpetual futures, CFDs, and NDFs on the brand new OTC platform.
Wintermute defined that NODE goals to play a significant function in enabling institutional patrons like household workplaces, hedge funds, blockchain natives, and different big-money gamers to entry OTC crypto shopping for and promoting and take part in area of interest markets like decentralized finance (DeFi).
Wintermute NODE seems to be competing towards different institutional buying and selling platforms (like FalconX and Coinbase Prime) that provide entry to crypto order circulate.
Evgeny Gaevoy, the Wintermute founder and CEO, commented concerning the growth and mentioned: “The others are charging a lot. Our platform eliminates an extra layer of fees.”
Providing Access to Capital and Market Liquidity
Wintermute NODE is an growth of the agency’s OTC API flagship product unveiled in June 2021 that capabilities as a liquidity supply mechanism for digital asset buying and selling.
Established in 2017, Wintermute has served as a crypto market maker centered on high-frequency algorithmic buying and selling and market-making companies. Since its launch, Wintermute continues to fulfil its mission to create clear, environment friendly, and liquid markets for retail and institutional traders throughout centralized and decentralized exchanges and OTC buying and selling platforms.
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