Wintermute Expands U.S. Operations with New York Headquarters

Highlights:

• Wintermute opens New York HQ, boosting the U.S. market and OTC services.
• Ron Hammond leads U.S. policy, leveraging a decade-long crypto regulatory experience.
• OTC trading volume grew 313% in 2024, outpacing broader crypto market growth.

Wintermute has set up its U.S. headquarters in New York City, indicating a big step in its move across the country. The main goal of the New York office is to expand Wintermute’s ties with other U.S. partners and firms. The move is part of the company taking advantage of the new regulatory environment under the current U.S. government. 

The company intends to take a leading position in the global financial market by providing OTC services and liquidity in the country. The firm handles trading worth more than $15 billion every day using over 60 centralized and decentralized exchanges. The announcement comes after the company opened an office in Singapore as part of its plan to expand in important financial markets worldwide.

In addition to setting up a New York office, Wintermute is hiring more U.S.-based staff. The company intends to hire five to ten new members for its international team of 130 people. The U.S. office will give its OTC counterparties more direct support and work towards increased regional cooperation. Wintermute’s office in New York shows its optimism towards the future of digital assets in North America.

Wintermute is officially on the ground in the US

With 2,500 counterparties globally, we're already one of the biggest players in the US market

Now we’re excited to share that we’ve opened a New York office and brought on @RonwHammond as Head of Policy and Advocacy pic.twitter.com/P87LJZku1y

— Wintermute (@wintermute_t) May 15, 2025

Strategic Policy Leadership and Advocacy

Wintermute named Ron Hammond as Head of Policy and Advocacy for their business in the U.S. Hammond has more than nine years of experience in cryptocurrency policy and served on Capitol Hill as well as with the Blockchain Association. He contributed greatly to the development and passage of the Token Taxonomy Act and several other bills. He is required to work with regulators, lawmakers, and representatives in the industry. Wintermute aims to help develop proper regulations for digital asset trading, buying, and selling in the country.

The business has met with the SEC Crypto Task Force, suggesting its desire to play an important role in policy-making. The firm wants to reform U.S. regulations, and Hammond seems fit to achieve this. The company aims to pay attention to major progress in the regulatory areas of Texas, New York, and California.

Wintermute’s Market Growth and Institutional Partnerships

In 2024, there was a 313% growth in OTC trading volumes, according to data reported by Wintermute. This exceeded the overall growth of 142% for the crypto exchange market for the same period. In November 2024, Wintermute traded an OTC spot volume of $2.24 billion on a single day. The firm increased its partnerships with institutions, among them is continuous support for BlackRock’s USD Institutional Digital Liquidity Fund. Besides, Wintermute also used Finery Markets’ institutional crypto trading platform to conduct its first Request for Quote trade.

🤝Introducing 24/7 secondary OTC liquidity for BUIDL

Qualified investors in @BlackRock's tokenized fund who are common counterparties of Wintermute can now trade BUIDL via OTC with Wintermutehttps://t.co/KPMQR6Nj9a

— Wintermute (@wintermute_t) December 18, 2024

To drive growth in the U.S., the company is expanding its business and partnership teams. Wintermute’s CEO says they remain neutral with respect to policies and welcome various partners. Being deeply connected to digital assets, the company could provide technical support for regulatory processes.