Wintermute Plans $100 Million Funding Round, Says The Information

IconCryptoNewsTerminal Staff18 Jul, 2024

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Wintermute Plans $100 Million Funding Round, Says The Information

Wintermute, a leading cryptocurrency market maker, is reportedly planning to raise $100 million in a funding round. According to The Information, which cited sources familiar with the matter, Wintermute intends to issue new shares as part of the deal. The details of the funding round are still being finalized, the sources added. Wintermute, founded in 2017, is a global market maker providing liquidity to cryptocurrency exchanges and institutions. It's known for its expertise in algorithmic trading and risk management. This funding round would enable Wintermute to further expand its operations and develop new products and services in the rapidly evolving cryptocurrency market.

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