Wintermute expands its CFD offering with a unique multi-currency collateral support for capital-efficient trading
27 JUN 2024 | NEWS
Singapore – 27 June 2024 – Wintermute Asia Pte. Ltd (“Wintermute”), the digital asset derivatives trading arm of Wintermute Group, the leading algorithmic trading firm and liquidity provider in digital assets, today announced the expansion of its CFD offering. It introduces the first multi-currency collateral support in the market, allowing counterparties greater flexibility and efficiency in their derivative trading.
The new multi-currency collateral support for CFD trading, allows counterparties to post any cryptocurrency or fiat as margin collateral, including BTC, ETH, SOL, USDC, USDT, EUR, GBP, and USD. Wintermute’s counterparties can now leverage their varied assets and trade with greater ease and efficiency.
This mechanism unlocks the full potential of crypto assets. By using various tokens as collateral, counterparties can maximize their capital utilization without needing to liquidate or convert assets to fiat, which is often the only accepted collateral type at other OTC desks. It ensures that assets are continuously working to generate value on multiple fronts, significantly enhancing trading efficiency. It also enables a more capital-efficient trading experience by eliminating the need for additional FX conversions and on-/off-ramping costs. Furthermore, it gives counterparties greater control over their assets by allowing them to independently decide whether to off-ramp or retain exposure to crypto assets when posting collateral.
Evgeny Gaevoy, CEO and Co-Founder of Wintermute Group commented, “The maturation of the industry and market momentum have created new possibilities for advanced trading strategies that optimize capital utilization. Wintermute aims to deliver cutting-edge derivatives trading solutions, and with this latest update, we enable counterparties to make the most of their crypto assets. For instance, you can stake your ETH for yield, earn rewards, and use the staked ETH as collateral for trading. This way, while your ETH earns yield, you can still use it for trading, ensuring that your assets work for you on multiple fronts.”
Additionally, the company has significantly broadened its CFD pair offering, now allowing for trading over 350 new pairs, the highest coverage in the market. Wintermute’s growing suite of OTC derivative products is designed to meet the demand for flexible and efficient trading products, ensuring they cater to the evolving needs of the market.
About Wintermute Asia
Wintermute Asia, the digital asset derivatives trading arm of Wintermute Group, a leading global algorithmic trading firm and one of the largest players in digital asset markets, aims to provide the most comprehensive OTC derivatives offering in the space. Leveraging its domain expertise from traditional markets and extensive access to diverse liquidity pools, Wintermute Asia’s growing suite of derivative instruments includes options, forwards, NDFs, CFDs, and tailored products, all available in a wide range of tokens. Through a customized approach, Wintermute Asia can structure almost any trade to address different use cases, trading strategies, and market conditions, fostering market access for investors from both traditional and digital asset finance.
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