Wintermute, one of the world’s leading algorithmic trading firms and OTC desks, announced the establishment of its U.S. headquarters in New York City, marking a pivotal milestone in the firm’s American expansion strategy. As a dominant player in the digital assets market, Wintermute’s U.S. headquarters will strengthen the firm’s presence in the world’s largest financial market and serve as the cornerstone of its operations in the region.

Wintermute’s New York office represents a milestone in the firm’s global expansion strategy. Establishing a foothold in the capital of global finance will allow Wintermute to foster deeper relationships with US-based counterparties and partners.

In conjunction with this expansion, Wintermute has tapped Ron Hammond, the former Senior Director of Government Relations and Institutional Engagement for the Blockchain Association, as Head of Policy and Advocacy. In his new role, Hammond will lead all policy engagement for Wintermute in the United States, bringing the firm’s market expertise into direct engagement with policymakers. He will work with regulators and other industry stakeholders at both the federal and state levels by offering technical input on legislation, contributing policy ideas, building alignment on major policy issues across the ecosystem, and coordinating meaningful responses to emerging proposals with other industry players.

“I am thrilled to join Wintermute, a global powerhouse in digital asset markets, as it establishes a U.S. presence at this critical moment for the digital asset industry,” commented Ron Hammond, Head of Policy and Advocacy. “With the regulatory climate in the U.S. becoming more constructive, we see tremendous opportunity to foster responsible innovation and deepen engagement with policymakers and industry stakeholders. I’m eager to work alongside the Wintermute team as it forges a new path in America.”

His appointment reflects Wintermute’s intent to play a serious role in building the regulatory architecture of digital asset markets in the U.S., grounded in long-term meaningful market participation. Hammond brings with him nearly ten years of regulatory experience in crafting bipartisan crypto bills and frameworks on Capitol Hill, beginning in 2016 as Financial Services Policy Lead for Congressman Warren Davidson of Ohio. During his tenure at the Blockchain Association, he authored several pieces of legislation, most notably the Token Taxonomy Act, the first bipartisan market structure bill to regulate cryptocurrency.

“As the U.S. policy towards digital assets and blockchain innovation has become friendlier,  we were determined to act fast and establish roots in the financial capital of the world, New York City,” stated Wintermute CEO Evgeny Gaevoy. “We’re eager to continue our growth and play an integral role in the U.S. market. As a neutral player with deep expertise in all areas of digital assets, we believe we are well-positioned to lend our expertise on Capitol Hill, which we have done recently in our meeting with the SEC Crypto Task Force, and with Ron joining, we will commence fulsome efforts in America.“ Gaevoy continued, adding, “Wintermute’s integration throughout the entirety of the ecosystem renders us policy-agnostic, which allows us to connect with policymakers neutrally.”

The establishment of this pivotal East Coast presence signals Wintermute’s confidence in, and commitment to, the continued growth trajectory of digital asset markets throughout North America. It also strengthens the firm’s ability to support its OTC counterparties locally, with a growing team on the ground to engage more closely with partners across the region. Alongside Hammond, Wintermute is expanding its business development and partnership team and hiring across various other roles.

Source: Wintermute