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Wintermute Asia Pte. Ltd, the digital asset derivatives trading arm of Wintermute Group, has integrated its spot and CFD liquidity into the oneZero EcoSystem. oneZero is a multi-asset class enterprise trading technology provider for banks and financial institutions.
Wintermute has also introduced the market's first multi-currency collateral support, allowing counterparties to use any cryptocurrency or fiat as margin collateral for CFD trading.
Since launching CFDs in March, Wintermute has seen trading volumes increase over threefold by June. The company aims to establish itself as a key liquidity provider in the crypto CFD market, which is smaller compared to the global OTC derivatives market.
oneZero's EcoSystem includes over 250 brokers, banks, and liquidity providers, processing over $200 billion in daily notional volumes across various asset classes.
Evgeny Gaevoy, CEO of Wintermute, said: "This year's market momentum and the consistent growth in crypto adoption are driving increased interest in crypto trading. This interest is partially fueled by the introduction of OTC-cleared derivatives such as crypto CFDs to enhance returns and hedge risk. As a result, we've seen a significant influx of traditional FX market participants (banks and brokers) entering the space, seeking top-tier liquidity providers. To offer their clients an efficient trading environment, brokers need deep liquidity and reliable 24/7 pricing, and Wintermute is ideally positioned to meet these needs. With our extensive experience and proven track record in digital asset liquidity, we provide the familiar requirements and conditions found in traditional finance. Leading financial institutions can now access Wintermute's tight spreads, competitive margins, no fees, and 99.9% uptime for over 350 CFD trading pairs through oneZero's robust infrastructure."
Andrew Ralich, oneZero Co-Founder and CEO, commented: "oneZero is dedicated to operating a vast array of partners within our liquidity-neutral EcoSystem on behalf of our clients. We have continued to expand our capabilities to provide solutions to a wide variety of institutional clients, and demand for digital assets is increasing significantly within this client class. As such, I'm delighted to be partnering with Wintermute, an innovator in the institutional digital asset space. Wintermute has an outstanding track record of providing robust liquidity for hundreds of digital assets, ensuring market access for banks and other B2B clientele. oneZero's ability to offer innovative, multi-asset capabilities alongside our pioneering FX offerings, all backed by a robust data and analytics framework, continues to differentiate our offering."
The integration follows Wintermute's successful collaboration with CME in November 2023. The new multi-currency collateral support allows CFD traders to use various cryptocurrencies, including liquid staking tokens, as collateral alongside fiat. This feature aims to improve trading efficiency and capital management by eliminating extra FX conversions and on/off-ramping costs. It will be available to all participants in the oneZero ecosystem from the start.
