Wintermute and some employees will move to Singapore to provide derivatives business

Odaily Planet Daily News Yoann Turpin, co-founder of cryptocurrency market maker Wintermute, said in an interview that he will officially leave London within a few months, and about 4% of the company's about 85 employees will also relocate to Singapore for derivatives. product business. "We are paying more attention to Asia, and having me as the co-founder in Asia to further promote the business development is a strong signal from us." Wintermute opens an office in Singapore in 2021, its second after London. A third base could be set up in Dubai if the company decides to build another base, Turpin said. Dubai is one of the jurisdictions looking to attract cryptocurrency businesses. According to the report, in 2021, during the digital asset pandemic bull market driven by the central bank's ultra-loose policy, Wintermute's transaction volume will reach 1.5 trillion U.S. dollars and its revenue will reach 1.05 billion U.S. dollars. (Bloomberg)