• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Why BTC Might Explode to $150K 🌕

2025-06-14

Why Bitcoin Core Is Bitcoin

2025-06-14

🔥 Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive

2025-06-13

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Fully Diluted Valuation (FDV) in Crypto?

    2025-06-12

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    2025-06-09

    What Is Crypto Staking? How to Earn Crypto by Holding It

    2025-06-05

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    2025-06-05

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    2025-06-02
  • Videos

    Why BTC Might Explode to $150K 🌕

    2025-06-14

    Why Bitcoin Core Is Bitcoin

    2025-06-14

    🔥 Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive

    2025-06-13

    Axiom Beginner’s Guide: Secret Tool for Catching 100x Tokens

    2025-06-13

    BTC: Lights out for a month or 2!!!

    2025-06-13
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Analysis»Crypto market maker Wintermute shifts focus to Asia amid Western regulatory turmoil, plans expansion
Analysis

Crypto market maker Wintermute shifts focus to Asia amid Western regulatory turmoil, plans expansion

2023-07-28No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Crypto market maker Wintermute is eyeing an expansion into Singapore after co-founder Yoann Turpin revealed that he would be moving to the Asian country alongside some staff members, Bloomberg reported on July 27.

Wintermute is much more focused on Asia

Turpin explained that the firm was becoming more focused on Asia following the regulatory issues plaguing the industry in the West.

The United States has recently increased its scrutiny of the space, with financial regulators filing legal actions against leading crypto exchanges, Coinbase and Binance.

Meanwhile, Asia has been experiencing a more positive wave of regulatory changes, with several countries introducing pro-crypto legislation to attract more crypto entrepreneurs to their shores. For context, Hong Kong’s Securities and Futures Commission (SFC) has paved the way for a more crypto-friendly environment, revealing its intent to license more than eight crypto companies by year-end and easing regulatory requirements for crypto exchanges.

Other jurisdictions like Singapore and Japan have also introduced new legislation to help the industry grow.

Turpin added that the market maker could set up a third office in Dubai—another pro-crypto jurisdiction that has introduced laws to regulate activities within the space. Wintermute reportedly opened its second office in Singapore in 2021.

Says 2022 was ‘an expensive year’

Meanwhile, Turpin described last year as an “expensive” one for the company but poured cold water on the possibility of the crypto firm raising new funds soon.

Last September, Wintermute was hacked for $160 million in its decentralized finance operations. CEO Evgeny Gaevoy assured clients its market-making funds were safe at the time.

See also  Top Crypto Exchange Binance Sinks $5,000,000 Into Curve (CRV) Following Massive Hack on the DeFi Platform

However, the exploit has not dented the algorithmic market maker’s lead role in the industry. According to its website, the firm provides liquidity on over 50 exchanges and trading platforms, including Binance, ByBit, and others. The market maker also maintains 200 over-the-counter desks with 1000 counterparties.

Additionally, the firm recently celebrated its sixth anniversary on July 25.

The post Crypto market maker Wintermute shifts focus to Asia amid Western regulatory turmoil, plans expansion appeared first on CryptoSlate.

Asia Crypto Expansion focus Maker market Plans regulatory Shifts Turmoil Western Wintermute
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

🔥 Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive

2025-06-13

What Is Fully Diluted Valuation (FDV) in Crypto?

2025-06-12

What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

2025-06-09

This Is What Is Holding Bitcoin and Crypto Back

2025-06-07
Add A Comment

Leave A Reply Cancel Reply

Top Posts
DeFi

​​Orbs teams up with QuickSwap to introduce Liquidity Hub

2023-09-18

Orbs, a Layer-3 infrastructure network designed for decentralized applications, has just introduced Liquidity Hub. This…

Videos

THIS IS UNBELIEVABLE… BTC & ETH next move!

2024-08-02

I will show you how I make significant gains in the crypto market! You want…

Regulation

Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto

2023-02-20

The CEO of Custodia Bank, Caitlin Long, has slammed regulators and lawmakers in Washington D.C.…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Why BTC Might Explode to $150K 🌕

2025-06-14

Why Bitcoin Core Is Bitcoin

2025-06-14

🔥 Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive

2025-06-13

Axiom Beginner’s Guide: Secret Tool for Catching 100x Tokens

2025-06-13
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 107,895.91
ethereum
Ethereum (ETH) $ 2,637.87
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.32
bnb
BNB (BNB) $ 656.88
solana
Solana (SOL) $ 157.71
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.179116
tron
TRON (TRX) $ 0.278959
staked-ether
Lido Staked Ether (STETH) $ 2,635.63
bitcoin
Bitcoin (BTC) $ 107,895.91
ethereum
Ethereum (ETH) $ 2,637.87
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.32
bnb
BNB (BNB) $ 656.88
solana
Solana (SOL) $ 157.71
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.179116
tron
TRON (TRX) $ 0.278959
staked-ether
Lido Staked Ether (STETH) $ 2,635.63