Wintermute Moves to Wall Street: CEO Gaevoy Eyes Crypto Growth in the U.S.

Table of Contents

Wintermute, a London-based algorithmic crypto trading firm, is expanding into the United States with plans to open a New York office.

CEO Evgeny Gaevoy sees significant growth opportunities in OTC and derivatives trading, driven by potential regulatory changes.

After years of focusing on the Asian markets, Wintermute is now shifting its attention to the U.S. as part of its global expansion strategy. In an interview with Bloomberg on Feb. 19, Gaevoy expressed optimism about evolving regulations under the Trump administration, expecting them to create a more favorable environment for digital asset trading.

Wintermute Expanding Footprint in OTC and Derivatives Trading

Wintermute aims to strengthen its presence in the U.S. by expanding its over-the-counter (OTC) and derivatives trading offerings.

GM from @consensus2025 and of course the first thing I see is @EvgenyGaevoy on Bloomberg @crypto pic.twitter.com/tEWjgjhmMc
— Donald Chua (@donaldchua) February 19, 2025

The company’s New York office is set to launch with an initial team of five to ten employees, primarily focused on business development and operational roles. However, Gaevoy clarified that Wintermute will not be hiring traders in its U.S. office at this stage.

Also read: Did LIBRA Meme Coin Buy Presidential Influence? Scandal Rocks Argentina

Anticipated Regulatory Clarity in the U.S.

Gaevoy expressed confidence in upcoming regulatory reforms that could benefit the crypto industry, particularly under a Trump-led administration. He suggested that some existing legal cases against crypto firms might be dismissed, paving the way for increased institutional investment and market innovation.

Beyond regulatory developments, Gaevoy discussed the impact of meme coins on the broader crypto market. He described them as a “big drag on crypto,” arguing that they divert liquidity away from blockchain projects with more substantive use cases.

As an example, he pointed to the Trump meme coin, which saw a rapid market cap increase upon launch but triggered significant sell-offs in other meme coins within the Solana ecosystem. Gaevoy believes this liquidity shift poses challenges to the long-term growth of the crypto sector.

Also read: Did Coinbase Mislead Investors? Lawsuit Alleges Hidden Bankruptcy Risks

However, he acknowledged that price declines in new tokens are a natural market phenomenon rather than a consequence of platforms like Wintermute or Binance.

Positioning for Future Growth

Wintermute’s New York expansion marks a strategic move to strengthen its position in institutional crypto trading, OTC markets, and derivatives. The firm’s decision reflects broader industry trends, where major crypto businesses are preparing for regulatory shifts that could define the future of digital asset trading in the U.S.

As the industry grapples with an evolving regulatory landscape, growing institutional interest, and the continued rise of alternative asset classes like meme coins, Wintermute’s success will hinge on how U.S. policies unfold in the coming months.

Author

Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

View all posts