Wintermute Integrates JitoSOL as OTC Collateral

IconCryptoNewsTerminal Staff15 Aug, 2024

cryptonews.jpg

Wintermute Integrates JitoSOL as OTC Collateral

Wintermute, a prominent cryptocurrency market maker, has announced the addition of JitoSOL as an over-the-counter (OTC) desk collateral through X. This integration enables traders to utilize JitoSOL as a form of security when engaging in OTC transactions with Wintermute. The incorporation of JitoSOL as an OTC collateral option expands Wintermute's existing range of supported assets, providing traders with enhanced flexibility and choice. JitoSOL is a tokenized version of the S&P 500 index, offering exposure to the performance of the broader U.S. stock market. This integration allows traders to leverage their JitoSOL holdings as collateral in OTC trades, facilitating access to capital and risk management. Overall, Wintermute's move to integrate JitoSOL as OTC collateral aligns with its commitment to providing innovative solutions and expanding its product offerings. Traders can now enjoy greater flexibility and choice in their OTC transactions, leveraging the stability of JitoSOL as a collateral asset.

Related News