Wyden integrates with Wintermute to offer deep crypto liquidity for institutional clients

12 MAR 2024 | NEWS | LONDON & ZURICH

Digital asset trading technology leader Wyden has integrated with Wintermute, the leading algorithmic trading firm and liquidity provider in digital assets. The integration further increases crypto liquidity for Wyden clients and allows access to hundreds of digital assets provided by Wintermute.

Wyden and Wintermute’s integration provides financial institutions with deeper crypto liquidity and extended digital asset coverage. Wintermute’s expertise in providing liquidity across 60+ centralized and decentralized exchanges, coupled with Wyden’s commitment to market-wide connectivity and seamless digital asset orchestration and trade lifecycle automation, creates a robust ecosystem to meet the evolving needs of institutions.

Wyden’s crypto portfolio, order, and execution management system (OEMS) provides a powerful trading and orchestration platform covering the entire trade lifecycle. Wyden also offers seamless custody and core banking integration for financial institutions such as banks and brokers.

Leveraging its advanced proprietary trading infrastructure and unparalleled market connectivity, Wintermute supplies liquidity for a wide variety of assets and provides efficient markets on demand. This robust capability aligns with the re-emergence of traditional financial institutions moving into crypto and their growing interest in diversifying their exposure to digital assets beyond the major ones. Notably, Wintermute’s OTC desk observed an increasing interest in trading alternative assets by these institutions in H2 of 2023, which has continued into 2024.

Unmatched liquidity for an advanced trading experience

“The integration with Wyden underscores our commitment to providing institutional investors with efficient and reliable access to digital asset markets. By combining our deep liquidity across hundreds of tokens with Wyden’s advanced trading features, we will further improve the quality of the trading experience and execution for buy- and sell-side firms,” said Evgeny Gaevoy, CEO of Wintermute.

Wyden CEO, Andy Flury, added: “This collaboration is a testament to Wyden and Wintermute’s shared vision of fostering a more efficient digital asset ecosystem. By leveraging Wintermute’s unmatched liquidity and Wyden’s leading trading technology, we are able to deliver an exceptional digital asset trading solution.”