Ventures invests in crypto market making firm Wintermute Trading

Wintermute Trading, an algorithmic market maker for digital assets, today announced the completion of a seed funding round led by Ventures, with participation from FBG. Wintermute will use the funding to further enhance its technology and bolster its team to further enable liquid, efficient, and professional cryptocurrency markets.

As part of its investment in Wintermute, Samuel Harrison, Managing Partner at Ventures, will join the firm’s board of directors.

Founded in 2017 by a group of veterans hailing from Optiver, a global high-frequency trading firm, Wintermute has established itself as a preferred partner to institutional investors and leading cryptocurrency exchanges like the Exchange, Binance, Kraken, and Coinbase.

In addition to its proprietary trading business, Wintermute supports over-the-counter (OTC) trading firms, and individual crypto projects with compelling potential.

“Liquid and efficient markets are vital to accelerating adoption of any new technologies, and nowhere is that more true than in cryptocurrencies. We’re excited to be working with a growing roster of clients and partners to develop and enhance robust markets for all traders and market participants.”
– Evgeny Gaevoy, CEO of Wintermute Trading Ventures aims to contribute to the creation of an open, fair, and accessible financial system and promote distributed ledger use-cases that are impactful beyond finance.

“We had the pleasure of getting to know the Wintermute team intimately in their capacity as an early partner to the Exchange. We were impressed with their execution capabilities, which we view as best in class, and developed conviction that they will become a leading market-making force.”
– Peter Smith, Co-founder, and CEO of

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