Wintermute plans $1 billion AI push beyond crypto: Bloomberg
The firm aims for non-crypto markets to drive over 50% of revenue by 2027, up from 10% currently, as it seeks to diversify its business.
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Summary
- Wintermute plans a $1 billion investment over five years in high-frequency trading and AI infrastructure to expand beyond crypto.
- The firm said it is aiming for non-crypto markets to drive over 50% of revenue by 2027, up from 10% currently, as it seeks to diversify its business.
- The strategic pivot follows declining crypto activity, with daily trading volumes dropping to $10 billion this year from $15 billion in 2025.
