Today, we're excited to announce a major evolution of Wintermute NODE. Until now, NODE has served primarily as our electronic OTC trading platform, but the needs of the market have changed, and the counterparties we work with every day are operating at a different level.

More participants are entering the space, with our 2024 data showing traditional financial institutions experiencing volume growth of 284% and retail brokers seeing a remarkable 549% increase year-over-year, alongside growing participation from crypto-native treasuries, token issuers, and foundations. These participants manage more assets, face greater operational demands, and expect more than just execution. Advanced tools are needed in order to match the standards they’re used to. A single interface to manage the full OTC trading lifecycle, including onboarding, credit, execution, and settlement. They want workflows that match how they operate and platforms that reduce, not create, operational complexity.

NODE is our answer to that. We built NODE to be the ultimate institutional-grade platform, integrating liquidity, execution, settlement, and soon, exclusive proprietary market intelligence. Starting today, counterparties can simplify every stage of their OTC trading lifecycle and reduce friction, increase speed, and gain more control across all touchpoints with Wintermute:

• Frictionless onboarding: Onboard as an individual or entity through a single access point and start trading quickly.
• Instant credit access: Apply for trading credit and get approved quickly to avoid operational delays.
• More accessible trading: Use a mobile-friendly OTC interface to unlock new opportunities and stay connected to the market.
• Streamlined settlement process: review and confirm settlements and withdrawals through secure, self-service tools.
• Smarter treasury management for projects: Access reporting, OTC trading, and new treasury tools in one place.

“This functionality has been present in traditional markets for the last several years, and with digital assets continuing to mature, we felt there was a gap in the market that needed to be addressed,” said Deniz Kog, Head of product at Wintermute. “When it comes to moving the digital asset trading landscape forward, Wintermute is poised to lead from the front. Today, with the NODE upgrade, our counterparties will gain access to the experience they are familiar with. The evolution of the NODE platform isn’t the final step either, but rather the first phase, and we’re eager to continue delivering industry-leading and innovative solutions to the digital asset trading ecosystem.”

NODE will continue expanding, with even more capabilities coming soon. This includes more advanced settlement functionality and exclusive market insights and research, offering proprietary analysis, deep industry context, and educational content to help maximise trading opportunities. We’re building NODE to become the benchmark operational interface in digital asset markets - simple, fast, and designed to meet the standards that serious counterparties expect.

Check out the platform and see what opportunities NODE can unlock for you.

About Wintermute

Wintermute is a global algorithmic trading firm, liquidity provider, and leading OTC desk in digital assets. With billions in average daily trading volume, Wintermute offers OTC trading and provides liquidity across 60+ centralized and decentralized exchanges. Wintermute is an active player in the ecosystem, invests in early-stage Web3 projects, and supports traditional financial institutions moving into crypto.