Digital Assets OTC with Wintermute
Did you know that Wintermute’s average daily trading volume is larger than that of most crypto exchanges? Over the past months, we’ve been expanding our OTC offering to bring you the best coverage and prices via chat, API, and a number of order and execution management systems (OEMSs).
We are excited to share some of our core OTC desk capabilities and upcoming plans in this first of a regular series of updates!
Our OTC capabilities
Hedge funds, banks, blockchain projects, and other financial and technology firms trust us to enable their off-exchange trades because we deliver. Thanks to Wintermute’s expertise in algorithmic liquidity provision and our access to a large set of exchanges and liquidity pools, we are able to provide some of the most competitive OTC prices on the market. Our fully proprietary algorithms, trading and risk systems that were developed for liquidity provision are the same that are powering your OTC trades.
We trade:
- Some 14,000 digital asset pairs
- Spot, with futures & options coming soon
- 24/7/365 from our offices in London and Singapore
- Via chat, API and our OEMS partners like CoinRoutes, Elwood, Reactive Markets and Talos
- Commission free
- With no minimum size requirements (although a typical clip on chat starts from $200k)
- Fill-or-Kill orders, and also TWAP orders on chat
We settle:
- Quickly (within 1–24 hours depending on the pair) and even immediately for some chat trades
- T+0 or T+1 for API and OEMS trades
- In crypto or in major fiat currencies (USD, EUR, GBP, etc)
- Fiat via the major crypto friendly banks BCB Group and Signature Bank
- Crypto wallet-to-wallet or via Fireblocks
We onboard:
- Speedily within a few days
- In full compliance with AML-CTF regulations
- With a personal Wintermute touch
What sets us apart
Our long-term mindset. We are a technology company first and foremost, not an opportunistic trader or a financial service provider. This means that we are focused on long-term growth for ourselves and for the crypto ecosystem. We care about building lasting relationships with our partners.
Our reliability. We honour our mission to trade 24/7/365. Even during the most volatile of times, we commit to being your reliable liquidity provider. Our API and integrations never sleep, just like our algos — and will execute for you whenever you like.
Our reach in crypto. Did you know that the almost 170 assets we trade manually and via our API make up some whopping 14,000+ pairs? This means that if you want to exchange one altcoin for another, you only need to transact once, versus a complex series of exchanges.
Our strategies. Some trades can feel impossible to execute without major slippage, but we can help you find the best execution strategy. For example, when Vitalik Buterin donated 50 trillion SHIB tokens to the India Covid Relief Fund, we helped convert the donation to stablecoins in tranches to avoid downward pressure on the currency. You can read more about our contribution to this initiative here.
How to trade with us
What makes us special is our expertise in developing best-in-class algorithms. We are connected to hundreds of liquidity pools across some 40 centralized exchanges and 20 DeFi protocols, so you can count on us to execute at the best possible prices. In a nutshell, we make money by being very good at trading, not by charging fees.
Trade via chat. You get the quotes directly from the source; the same algorithmic traders who design and run our engines will quote you OTC prices. We will execute Fill-or-Kill or TWAP orders.
We are present on multiple chat platforms, including Telegram, Slack, Signal and Paradigm.
Hook into our API. Our robust API allows you to submit RFQ or subscribe to a price stream, and place Fill-or-Kill and Limit orders.
Integration is usually very quick and our team is here to answer any questions.
Connect with your OEMS. We are excited to partner with a number of OEMS providers, including CoinRoutes, Elwood, Reactive Markets and Talos. Our deep liquidity, combined with their smart order routing, empowers you to achieve higher quality execution.
We look forward to trading with you!
Contact us at trade@wintermute.com to learn more about our OTC desk and what we can do for you.
Meet Katia
Katia Banina is a Product Director at Wintermute. She is spearheading the growth of our OTC capabilities and other product initiatives.
Katia brings over a decade of experience in financial infrastructure, data & analytics, most recently as a Product Director at Refinitiv / London Stock Exchange Group.
She likes to build products, play games and talk about philosophy.
About Wintermute
Wintermute is one of the largest algorithmic trading firms in digital assets globally. We manage hundreds of millions in assets and trade more than $5B+/day across dozens of different venues. Culturally, we combine 1) the highest standards of technological and trading sophistication from traditional financial markets and 2) technology start-up nature, as we are moving very fast and empowering people to act like owners.
Wintermute provides liquidity algorithmically across most vested exchanges in crypto, across CeFi and DeFi, on-screen and OTC, as well as supports high profile blockchain projects. At Wintermute, we believe in the decentralization of finance and that trading companies of the future are technology companies, not financial services providers.
We are backed by Lightspeed, Pantera Capital, Sino Global Capital, Blockchain.com Ventures, Avon Ventures by Fidelity Investments, DeFi Alliance and other top tier investors.
Follow us on LinkedIn and Twitter (@wintermute_t, CEO @evgenygaevoy, COO @emgurevich).
