Cryptocurrency market maker Wintermute announced that its crypto CFD (Contract for Difference) product is now live on the electronic OTC platform Wintermute NODE. Since launching in February this year, Wintermute's crypto CFD trading volume has increased 19 times between March and August. The company also pioneered GMCI Index CFD trading on the OTC desk.
Wintermute CEO Evgeny Gaevoy said the company believes that the adoption and market expansion of crypto derivatives will go beyond the traditional financial sector. The new feature supports the use of almost any fiat or crypto asset as margin for derivatives trading, including cryptocurrencies, fiat currencies, and liquidity pledge tokens. (FinanceFeeds)