Count Wintermute as the latest cryptocurrency firm set to expand into the Asian market.
In an interview with Bloomberg News, an executive at the market-making firm said that, over the course of the next few months, about 4% of the firm's staff will relocate to Singapore. Yoann Turpin, a co-founder of the UK-based firm, will be among the staff making the move over to the city-state.
The remarks come after Circle snagged a digital-token license in Singapore.
Elsewhere, Gemini has said it plans to hire more than 100 employees in Asia as part of its expansion in the region. Crypto firm FalconX also plans to expand into Asia, having also applied for Singapore's digital token license, Bloomberg reported.
Earlier this month, Singapore high courts recognized crypto as property capable of being held in a trust as property. In June, the Monetary Authority of Singapore released a white paper outlining industry standards for various types of digital assets.
Founded in 2017, Wintermute provides liquidity across over 50 exchanges, including Coinbase and Kraken. It is also a leading venture investor in the market.
Disclosure: Wintermute co-founder Evgeny Gaevoy sits on The Block's board.source:theblock
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023