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Pantera Capital and Lightspeed lead Wintermute’s $ 20M funding round


The Wintermute trading platform raised $ 20 million in a Series B funding round led by Lightspeed with Pantera Capital, Fidelity Avon Ventures, Sino Global Capital and others.

Wintermute will use the raised funds to expand its activities in new areas and attract larger counterparties.

“As the size and complexity of cryptocurrency markets grows, and as decentralized exchanges become more directly connected to users, the industry will need liquidity providers who can develop in tandem and keep the markets efficient,” said Joey Krug, CIO at Pantera Capital.

The team has big growth plans for 2021. Wintermute tests targeting institutional investors RFQ platform, which plans to launch in the first quarter of the year.

With the launch of its own platform, the company plans to expand its physical presence in Asia and open its first international office in Singapore in the first quarter of 2021.

The trading platform interacts with 50 cryptocurrency exchanges. In December, Wintermute’s turnover was $ 30 billion, and in January the company plans to double the figure.

Recall that on December 18, the Maps.me startup raised $ 50 million to create a DeFi ecosystem.

Lending platform Vauld previously received $ 2 million from Pantera Capital and Coinbase.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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