๐ Wintermute CEO Addresses Market Criticism & Transparency in Crypto
๐ข Evgeny Gaevoy, CEO of Wintermute, has responded to recent claims about the firmโs role in the crypto market. Founded in 2017, Wintermute is a major algorithmic trading firm operating in DeFi, CeFi, and OTC markets, ensuring liquidity and efficiency.
๐ก Key Takeaways from Gaevoyโs Statement:
๐น No Price Manipulation โ Gaevoy denied allegations, attributing market drops to macroeconomic factors like the DeepSeek event and tariff policies affecting global finance.
๐น Risk Management Strategy โ Wintermute follows a delta-neutral trading model, reducing exposure to market swings while maintaining 20-30% crypto holdings since 2020.
๐น Transparency Matters โ He called for clearer token market-making agreements and dismissed claims of coordinated price actions with exchanges like Binance.
๐น Recent Arbitrage Profits โ Wintermute seized an opportunity by moving $75M in FDUSD, securing an estimated $3M profit during the recent depeg.
๐ฅ Is algorithmic trading good or bad for the crypto market? Drop your thoughts below! โฌ๏ธ
