Wintermute Moves HQ to New York Amid US Crypto Policy Shift

Wintermute, a prominent algorithmic trading firm, has announced its relocation from London to New York, marking a significant shift in its operational strategy. The move comes as the regulatory environment in the United States becomes more favorable towards digital assets. Founded by Evgeny Gaevoy in 2017, Wintermute has been a key player in the cryptocurrency market, and its decision to establish a presence in New York is seen as a strategic response to the evolving regulatory landscape.

Wintermute has appointed Ron Hammond, the former senior director of government relations and institutional engagement at the Blockchain Association, to lead its policy and advocacy efforts in the U.S. Hammond expressed enthusiasm about joining Wintermute, highlighting the constructive regulatory climate in the U.S. and the opportunity to foster responsible innovation in the digital asset industry. He also emphasized the importance of deepening engagement with policymakers and industry stakeholders.

Evgeny Gaevoy, the founder of Wintermute, stated that the firm's decision to move to New York was driven by the increasingly friendly policy towards digital assets and blockchain innovation in the U.S. He expressed eagerness to continue Wintermute's growth and play a significant role in the U.S. market. The firm's relocation to New York aligns with the broader trend of crypto-friendly regulations being enacted by the U.S. government, including the appointment of Paul Atkins as the head of the Securities and Exchange Commission (SEC). Atkins, who previously served as SEC chair, is known for his pro-crypto stance and has pledged to develop a rational regulatory framework for crypto asset markets.

This move by Wintermute underscores the growing optimism within the cryptocurrency industry regarding the regulatory environment in the U.S. As the country's policies become more favorable, major players in the digital asset space are positioning themselves to capitalize on the opportunities presented by a more supportive regulatory framework. Wintermute's relocation to New York is a clear indication of the firm's confidence in the future of digital assets in the U.S. and its commitment to playing a leading role in shaping the industry's development.