London-based crypto trading firm and liquidity provider, Wintermute, has announced its integration with CoinRoutes, a startup that aims to help crypto hedge funds and other investors get the best price on trades. The partnership will enable CoinRoutes customers to benefit from greater choice and flexibility in terms of the liquidity providers they can access through the platform. According to a statement from Wintermute, the integration will allow market participants to achieve a higher quality of trading and more efficient execution.
In February of this year, CoinRoutes won a U.S. patent for a “cryptocurrency smart-order router” that lets trading clients use their own servers, but with reams of data on historical crypto trades stored on regional servers. This setup allows traders to avoid the cost of storing the data on their own servers, a price tag that can reach $25,000 in some cases, co-founder Dave Weisberger told CoinDesk in March.
“Our deep liquidity, combined with CoinRoutes smart-order routing will help market participants achieve a higher quality of trading and more efficient execution,” said Marina Gurevich, chief operating officer of Wintermute, in the statement. The integration will enable CoinRoutes to offer its clients access to Wintermute’s deep liquidity pool, which will help them get the best possible price on trades. Wintermute is known for its high-speed, low-latency trading infrastructure, which enables it to execute trades quickly and efficiently.
Wintermute was founded in 2017 and has since become one of the leading liquidity providers in the crypto space. The firm offers a range of services, including market making, OTC trading, and execution services. Its clients include some of the largest crypto exchanges and trading platforms in the world. CoinRoutes, on the other hand, was founded in 2017 and has quickly established itself as a leading provider of smart-order routing technology for the crypto market.
The integration between Wintermute and CoinRoutes is expected to be a boon for market participants, who will now have access to a wider range of liquidity providers through the CoinRoutes platform. This will enable them to get the best possible price on trades, while also benefiting from Wintermute’s high-speed, low-latency trading infrastructure. The partnership is also expected to help both firms expand their reach and increase their market share in the highly competitive crypto trading space.
Wintermute’s integration with CoinRoutes comes at a time when the crypto market is experiencing renewed interest from institutional investors. Many of these investors are looking for ways to gain exposure to the crypto market, but they are also looking for ways to mitigate the risks associated with trading in this volatile asset class. By partnering with CoinRoutes, Wintermute is able to offer these investors a more efficient and cost-effective way to trade crypto assets, which could help to attract more institutional capital to the market in the coming months.
Overall, the integration between Wintermute and CoinRoutes is a positive development for the crypto market, as it will help to increase liquidity and efficiency, while also making it easier for market participants to access the best possible prices on trades. As the crypto market continues to mature and evolve, partnerships like this one are likely to become more common, as firms look for ways to differentiate themselves and gain a competitive edge in this fast-paced and rapidly changing industry.