Wintermute Expands by Adding CFDs to oneZero Network
The oneZero EcoSystem now includes spot and CFD liquidity from “Wintermute", a pioneer in the trading of digital asset derivatives
The oneZero EcoSystem now includes spot and CFD liquidity from “Wintermute”, a pioneer in the trading of digital asset derivatives.
With this change, traditional banks and other financial institutions connected to oneZero can now access deep liquidity for more than 350 spot and CFD cryptocurrency trading pairs, improving their capacity for cryptocurrency trading. This way Wintermute has added multi-currency collateral support.
Wintermute Asia expands! The crypto derivatives trading firm now adds spot and CFD liquidity to the oneZero network. Exciting times for traders! 🚀 #Crypto #CFD #Trading #Wintermute #oneZero pic.twitter.com/oqSCBo8wua
— Crypto Policy (@cryptopolicys) July 17, 2024
Wintermute is well-known for its proficiency in algorithmic trading and ability to provide liquidity in digital asset markets. This feature increases flexibility and efficiency by allowing counterparties to post any cryptocurrency or cash as margin collateral for CFD trading. Wintermute’s OTC derivatives offerings only included CFDs in March, but by June, trading volumes had tripled. Wintermute wants to become a top supplier of liquidity by taking advantage of the expanding market for cryptocurrency CFDs.
The CEO of Wintermute, Evgeny Gaevoy, emphasized how the availability of OTC-cleared derivatives, such as cryptocurrency CFDs, has increased interest in cryptocurrency trading. Due to their need for dependable liquidity sources, traditional FX market participants including banks and brokers have been drawn to this. Wintermute satisfies these requirements by providing oneZero’s strong infrastructure with deep liquidity, attractive margins, no fees, and high uptime for CFD trading pairs.
Meanwhile, the CEO and co-founder of oneZero, Andrew Ralich, expressed enthusiasm about the collaboration with Wintermute. He lauded Wintermute’s track record of providing liquidity for hundreds of digital assets and mentioned the growing demand for digital assets among institutional clients.
Wintermute’s digital asset products are now part of oneZero’s EcoSystem, which links more than 250 brokers, banks, and liquidity providers and trades over $200 billion every day, improving order execution and dependability.
Furthermore, with this integration, oneZero will have furthered its foothold in traditional finance, building on its successful collaboration with CME from November 2023.
4/ This move, following our integration with @CMEGroup last year, further expands our presence in traditional finance venueshttps://t.co/7PQjHsXWtq
— Wintermute (@wintermute_t) July 16, 2024
Wintermute has enabled CFD traders to employ a variety of cryptocurrencies, including liquid staking tokens, as collateral in addition to fiat, thanks to its multi-currency collateral support. This tool eliminates additional FX conversions and on/off-ramping fees, allowing traders to maintain exposure to crypto assets while increasing capital efficiency. From the beginning, the upgrade will be accessible to every member of the oneZero ecosystem.
Founded in 2009, oneZero provides enterprise trading technology that supports several asset classes via its Hub, EcoSystem, and Data Source components. By offering financial institutions and brokers a compliant, liquidity-neutral solution, the company enables them to participate in the global financial markets. It does this by providing execution, distribution, and analytics solutions.
In short, Wintermute is able to give traditional financial institutions sophisticated trading capabilities in the digital asset market by connecting with oneZero.
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