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Data: Wintermute Crypto Spread Trading Platform Volume Has Increased 19 Times Since February Launch

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September 20, 2024
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ChainCatcher News: Wintermute Launches Crypto CFDs on Its OTC Platform

Cryptocurrency market maker Wintermute has announced the launch of its crypto CFD (Contract for Difference) products on its electronic over-the-counter (OTC) platform, Wintermute NODE. Since its launch in February this year, Wintermute's crypto CFD trading volume has surged 19 times between March and August. The company has also pioneered GMCI index CFD trading on its OTC desk.

Wintermute CEO Evgeny Gaevoy believes that the adoption and market expansion of crypto derivatives will surpass traditional finance. The new feature supports using almost any fiat or crypto asset as margin for derivative trading, including cryptocurrencies, fiat currencies, and liquid staked tokens.

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