Wintermute, one of the largest algorithmic trading firms in crypto, plans to invest approximately $1 billion over five years in high-frequency trading systems and AI data-center infrastructure. The company, which currently generates about 10% of its revenue from non-crypto trading, aims to increase this proportion to over 50% by the end of 2027, positioning itself as a full-service trading firm capable of competing with Jane Street and Citadel Securities. It has already completed key regulatory steps in the United States by registering as a broker-dealer with the SEC and joining FINRA. Wintermute’s average daily trading volumes have declined from roughly $15 billion last year to $10 billion this year, prompting the firm to diversify its revenue sources. The expansion will be funded entirely from retained earnings, without outside capital or debt.
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