Wintermute Plans to Invest $1 Billion Over Five Years to Expand AI and High-Frequency Trading

Cryptocurrency market maker Wintermute plans to invest approximately $1 billion over the next five years, focusing on AI infrastructure and high-frequency trading systems while expanding into equities, commodities, foreign exchange, and prediction markets. The goal is to increase the share of non-crypto business revenue to over 50% by the end of 2027. Currently, Wintermute's non-crypto business revenue accounts for about 10%. The company's founder and CEO, Evgeny Gaevoy, stated that the investment will primarily be funded through retained earnings. Wintermute's average daily trading volume this year is around $10 billion, down from $15 billion last year. The investment projects will cover computing power, storage, networking, and data center infrastructure to support quantitative strategies that rely on large datasets and continuous training. Wintermute has expanded into exchange-traded funds, perpetual futures on real-world assets, and prediction markets. Additionally, Wintermute's U.S. affiliate recently completed its broker-dealer registration, enabling it to trade stocks and stock options for its own account and serve as an authorized participant for exchange-traded products, providing a pathway to enter the regulated securities market.

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