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Wintermute Asia Launches CFD Product for Institutional Investors
Wintermute Asia has introduced a new contracts-for-difference (CFD) product as part of its over-the-counter (OTC) derivatives offering. The company reports this addition comes in response to recent increased demand from institutional investors seeking broader exposure to digital assets.
The new CFD offering is designed to provide access to digital asset markets through a familiar instrument. CFDs may serve as an alternative for counterparties unable to trade underlying assets or perpetual swaps directly on crypto exchanges.
Evgeny Gaevoy, CEO and Co-Founder of Wintermute Group, said: "The launch of Wintermute Asia's CFD offering is a strategic step towards addressing the intricate needs of institutions navigating the complexities of digital asset trading or looking to mitigate exchange counterparty risks. Our CFD product not only makes digital asset exposure more accessible for institutional investors but also eliminates the need for direct infrastructure to manage and secure the underlying assets. It reaffirms our commitment to providing sophisticated yet accessible entry points into the digital asset markets, tailored to the demands of our institutional counterparties."
The CFD product offers flexible funding schedules and is available for both major cryptocurrencies and a range of altcoins. At launch, CFDs can be traded via a FIX API or through chat, with plans for NODE UI support in the future.
Wintermute Asia's CFD offering includes a dynamic margin methodology designed to consolidate risk across the entire portfolio. The product allows for various fiat and crypto collateral options and does not include auto-liquidations.
The company states that these features aim to provide institutional investors with a product that combines traditional finance mechanisms with digital asset opportunities.
