Crypto Trading Giant Wintermute In Fundraising Talks

Wintermute Trading, the crypto trading firm that has become a dominant market marker since the collapse of FTX, has been in talks to raise fresh money in a funding round, according to investors with knowledge of the process.

The firm has been discussing a share sale of $100 million, with some of that money going to existing shareholders. Wintermute will also issue new shares, the people said, although the amount couldn't be learned. The talks are in flux and details are not finalized, the people added.