Algorithmic Crypto Trading Firm Wintermute Expands Into the US by Opening a New York Office

Wintermute, a London-based algorithmic crypto trading and market-making firm, has opened an office in New York City as part of its expansion into the US.

London-based algorithmic crypto trading and market-making firm Wintermute has opened an office in New York as part of its expansion into the U.S.

Wintermute announced the opening of its New York office on May 15, citing improved regulatory conditions in the world’s largest economy.

“As the U.S. takes a friendlier stance on digital assets and institutional adoption accelerates, we moved quickly to establish roots in New York City,” Wintermute said in a May 15 X post, adding that the local presence will help them in “contributing to the future regulatory framework.”

“We’re eager to continue our growth and play an integral role in the U.S. market,” said Evgeny Gaevoy, CEO of Wintermute. “As a neutral player with deep expertise in all areas of digital assets, we believe we are well-positioned to lend our expertise on Capitol Hill.”

As part of the firm’s expansion, Wintermute has also appointed Ron Hammond as its new head of policy and advocacy, who brings “ten years of experience shaping crypto policy on Capitol Hill,” the company announced.

Hammond was previously the senior director of government relations and institutional engagement at the Blockchain Association and the policy lead for U.S. Representative Warren Davidson.

Hammond also authored the Token Taxonomy Act of 2021, the first bipartisan-supported crypto regulatory bill in the U.S.

More crypto firms expanding in the US

Increasingly more crypto firms have expanded into the U.S. since President Donald Trump took office on Jan. 20 after winning the 2024 presidential election.

During his campaign, Trump signaled that his administration intends to make crypto policy a national priority, bolstering expectations for more innovation-friendly crypto regulations for the next four years.

At least eight large crypto firms have announced their expansion in the U.S. so far this year, banking on growing regulatory clarity. These include Binance.US, eToro, OKX exchange, Nexo, Circle, Crypto.com and a16z, according to a May 11 report by Cointelegraph.

Wintermute met with SEC Crypto Task Force

Wintermute said it aims to contribute to the emerging regulatory framework in the U.S.

“We’ve already met with the SEC Crypto Task Force and will continue offering technical input and contributing to key legislative efforts,” the company said, adding that these are “essential for continued institutional participation.”

Meanwhile, crypto industry participants await progress on the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act.

The STABLE Act passed the House Financial Services Committee in a 32–17 vote on April 2 and currently awaits scheduling for debate and a floor vote in the House of Representatives.

However, a second piece of key stablecoin legislation, the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, initially failed to garner enough support from Democrats on May 8, prompting at least 60 top crypto founders to gather in Washington, DC, to show support.

Despite the stalled stablecoin legislation, “momentum toward regulatory clarity remains active in both chambers,” Nexo dispatch analyst Iliya Kalchev told Cointelegraph.