Wintermute invests $1B in AI and HFT for market expansion

Wintermute will invest $1B in HFT and AI infrastructure to expand into traditional markets, aiming for over 50% non-crypto revenue by 2027.

Wintermute, a leading digital asset market maker, has unveiled plans to invest around $1 billion over the next five years in high-frequency trading (HFT) and artificial intelligence (AI) data center infrastructure. This move is designed to diversify Wintermute’s operations into traditional financial markets, including equities, commodities, and foreign exchange, following the path of established firms like Jane Street and Citadel Securities. Currently, only about 10% of Wintermute’s revenue is generated from non-crypto markets. The company aims to boost this figure to over 50% by the end of 2027. The investment will be funded through retained earnings and will focus on building advanced trading systems, developing sophisticated quantitative models, and upgrading computing and network infrastructure. Additionally, Wintermute’s U.S. affiliate has registered as a broker-dealer, enabling it to trade equities and options. This strategic shift comes as crypto trading volumes decline, with Wintermute’s average daily trading volume dropping from $15 billion last year to $10 billion this year.