Wintermute’s CEO, Evgeny Gaevoy, announced the company’s plans to expand its operations into the United States, with New York City as the location for their first U.S. office.

According to a recent Bloomberg report, Wintermute, a well-known algorithmic trading and market-making firm, is turning its attention to the American market. Wintermute, headquartered in London, recently inaugurated an office in Singapore in December of 2024 and is now setting its sights on establishing a presence in New York.

Speaking at the Consensus crypto conference held in Hong Kong, Wintermute’s Chief Executive Officer, Evgeny Gaevoy, stated that the company intends to broaden its scope with a “renewed emphasis on the U.S.”

Gaevoy further mentioned that Wintermute’s U.S. expansion strategy includes offering over-the-counter (OTC) products to clients in the region. To support this growth, the company plans to recruit an additional five to ten individuals to join their existing team of 130 employees.

Recent reports from inside sources suggest that Wintermute secured funding in a recent round spearheaded by the Chinese technology conglomerate, Tencent Holdings. However, neither Tencent nor Wintermute representatives have responded to media inquiries seeking confirmation. Crypto.news previously reported that the market maker aimed to raise approximately $300 million, including equity, via funding from Tencent.

Furthermore, Gaevoy expressed optimism regarding the evolving regulatory landscape in the U.S. under the Trump administration. He anticipates that other nations are likely to emulate the U.S.’s approach in enacting more accommodating regulations for the cryptocurrency sector.

U.S. legislators have been particularly active in addressing crypto regulations at both the federal and state levels. Notably, on February 4th, David Sacks, appointed as the crypto czar, held a press conference outlining President Trump’s vision for fostering the growth of the crypto industry within the United States.

Sacks specifically highlighted stablecoins and their potential to bolster the U.S. dollar’s position. Moreover, he indicated that evaluating the “feasibility of a strategic BTC reserve” is a key priority for the crypto council.

To date, it is reported that nearly two dozen U.S. states have commenced exploring legislation to create state-level strategic Bitcoin reserves. These states reportedly include Alabama, Arizona, Florida, Iowa, Pennsylvania, Wyoming, and Utah, amongst others.