Crypto market maker Wintermute has launched institutional over-the-counter trading for tokenized gold products, signaling growing confidence in blockchain-based commodities. The firm confirmed that its OTC desk now supports execution in Pax Gold (PAXG) and Tether Gold (XAUT), the two largest gold-backed tokens by market capitalization. The move positions Wintermute to
Wintermute, a leading algorithmic trading firm, is expanding its operations into the United States. The company plans to open a New York office and offer over-the-counter (OTC) products to U.S. clients and plans to hire an additional 5 to 10 employees for this expansion. This strategic move is inspired by
The bankrupt cryptocurrency lending platform has leveled allegations against Wintermute, a prominent crypto market maker. Claiming that they actively participated in price manipulation of CEL tokens by facilitating “wash trading” in collaboration with Celsius executives. The latest development in the legal proceedings showcases, Celsius creditors amending their lawsuit in the
