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Wintermute
Fintech · London, United Kingdom · Founded 2017
Making crypto markets efficient by providing liquidity algorithmically on most vetted exchanges and trading platforms MoreLess
A global algorithmic trading firm focused on digital assets, Wintermute is a significant liquidity provider for both centralized and decentralized exchanges. The company employs high-frequency trading strategies to offer competitive bid-ask spreads, earning revenue from the price differences.
Wintermute serves a diverse client base that includes institutional investors and various trading platforms. Their services are crucial for maintaining market stability and efficiency in the volatile cryptocurrency sector. The firm has developed proprietary platforms like Wintermute NODE, an over-the-counter (OTC) trading interface that allows institutional clients to execute large trades with ease and efficiency. This platform enhances their offering by providing a more direct and streamlined trading experience.
In addition to their core market-making activities, Wintermute is expanding its services to bridge traditional finance (TradFi) with the digital asset space. This involves integrating digital asset spot and derivatives liquidity into established financial ecosystems, catering to a growing demand from traditional financial institutions looking to enter the crypto market. Their business model is centered on advanced trading algorithms and a robust technological infrastructure that processes billions in daily trading volume, solidifying their position as a key player in the digital asset market.
Keywords: algorithmic trading, digital assets, market maker, liquidity provider, cryptocurrency, institutional investors, OTC trading, derivatives, high-frequency trading, TradFi
Company overview
Wintermute company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2017
- Headquarters
- London, United Kingdom
- Employees
- 181
- Open positions
- 18
- Dealroom signal
- 90.2
- Investment activity
- 71 companies · latest Jun 2026
- Capital deployed
- $946M
- Preferred round
- SEED
Valuation & funding
Wintermute funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBT✓Debt | Jun 2025 | $0 | — | Cantor Fitzgerald | ↗ |
| DEBTDebt | Oct 2022 | $0 | — | Undisclosed | ↗ |
| SERIES B✓Equity / VC | Jan 2021 | $20M | $80M | Pantera Capital · Blockchain.com Ventures · Avon Ventures · Hack VC | — |
| SERIES A✓Equity / VC | Jul 2020 | $2.8M | $11M | Lightspeed Venture Partners | — |
| SEED✓Equity / VC | Feb 2020 | $1M | $4M | Blockchain.com Ventures | — |
| SEED✓Equity / VC | Sep 2018 | Undisclosed | — |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $14M | 0% | 180 |
| 2025 | $14M | 0% | 155 |
| 2024 | $14M | 0% | 117 |
| 2023 | $14M | +45.9% | 84 |
| 2022 | $9.3M | +189.1% | 79 |
| 2021 | $3.2M | +150% | 50 |
| 2020 | $1.3M | — | 22 |
Growth signals
Wintermute website traffic
Latest recorded traffic for Wintermute is 55K monthly website visits, up 1.9% over the last three months. Wintermute's team grew 16.8% over the past year.
Hiring
Open positions at Wintermute
Current openings linked to this company in Dealroom.
Comparisons
Wintermute compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Capital deployed
Wintermute investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Silicon DataNew York City, United StatesCutting-edge platform offering transparency and intelligence in GPU pricing, carbon assessments, and performance evaluation
$122Mvaluation
Nova MarketsWalnut, United StatesMulti-asset CFD and cryptocurrency trading platform.
→
3JaneSan Francisco, United StatesUncollateralized crypto loans leveraging creditworthiness for scalable economic expansion on Ethereum
$21Mvaluation
MorphoParis, FranceDecentralized credit network connecting lenders and borrowers through open DeFi infrastructure
$2Bvaluation
AS
AsterixUnited StatesAI-powered on-chain trading and market analytics.
$200Mvaluation
UnblockPaySão Paulo, BrazilEnterprise-grade APIs for seamless stablecoin to fiat off ramps with 99.9% uptime and robust transaction processing
$20Mvaluation
Crossover MarketsNew York City, United StatesAn advanced digital asset marketplace for institutional clients
$200Mvaluation
BasedSingaporeIntegrated crypto application for onchain activity
$46Mvaluation
Tenbin LabsNew York City, United StatesYield-bearing tokenized gold, FX, and commodities protocol
$28Mvaluation
Pave BankSingaporeProgrammable banking for the digital asset economy
$156Mvaluation
BULKSingapore, SingaporeFull stack supply chain and finance platform
$32Mvaluation
InversionNew York City, United StatesPrivate equity firm transforming businesses with crypto rails
$106Mvaluation
Talent graph
Wintermute's talent
Source: Dealroom Talent Intelligence.
Investors
12 investors on Wintermute's cap table
Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.
Global footprint
Where Wintermute has talent and traffic
team presence
In the news
Latest news about Wintermute
Recent press, funding announcements, and product moves mentioning Wintermute — open to read from the original sources.
Market sentiment
What the market is saying about Wintermute
An AI-synthesized read of the highest-engagement posts about Wintermute on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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