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Wintermute Asia Pte. Ltd, a subsidiary of the Wintermute Group, has completed its first options block trade through CME Group. The BTC/USD block was traded between Wintermute Asia and TP ICAP, with clearing provided by ABN AMRO Clearing Bank N.V.
This development comes as Wintermute Asia expands its derivatives product offerings to meet growing institutional demand for digital asset exposure. The company currently offers vanilla options in BTC, ETH, and various altcoins, with expiries ranging from 1 day to 6 months, as well as exotic options.
Evgeny Gaevoy, CEO of the Wintermute Group, stated, "Wintermute Asia is excited to offer a range of OTC derivatives solutions to our counterparties that can accommodate all of their trading needs. Our growing suite of derivative instruments allows investors to easily hedge, manage risks, and gain synthetic exposure to the underlying digital assets. An increasing number of institutional leaders are actively broadening their portfolios by extending their presence within the digital asset sector and Wintermute is well positioned to play an active role in facilitating trading activity. Our integration with CME reflects the growing importance of established exchanges in digital markets, and we are excited to partner with them."
Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, commented, "We are pleased to provide Wintermute and its counterparties with access to our highly liquid, regulated suite of benchmark cryptocurrency futures and options on bitcoin and ether."
The block trade with TP ICAP, executed on November 16, represents Wintermute Asia's efforts to expand its presence in traditional financial markets. The company aims to offer secure investment solutions to its counterparties while fostering growth, increasing liquidity, and enabling market access in both traditional and digital asset finance.
Sam Newman, Digital Assets Head of Broking at TP ICAP, added, "TP ICAP is thrilled to be working with Wintermute as another trusted participant block trading CME Group cryptocurrency products. We have been at the forefront of delivering digital assets broking services since 2020, leading the way in providing price discovery and liquidity through our global coverage on regulated exchanges. In such a fast-growing and exciting market, it is fantastic to see crypto-native firms such as Wintermute accessing traditional products and services, solidifying our belief that the maturation of this market is building momentum."
