Wintermute plans to invest about $1 billion over five years in high-frequency trading and AI data-center infrastructure as it expands beyond digital assets. The crypto market maker wants traditional markets to generate more than half of its revenue by the end of 2027.
Key Takeaways
Wintermute plans $1B over 5 years for AI and HFT as it expands beyond crypto.Wintermute’s volume fell from $15B to $10B daily, accelerating its push into traditional markets.Wintermute aims for 50%+ non-crypto revenue by the end of 2027.Wintermute Targets Over 50% Revenue From Non-Crypto Markets by 2027
Wintermute is preparing its biggest push yet beyond crypto, committing roughly $1 billion over the next five years to artificial intelligence (AI) infrastructure and high-frequency trading systems.
Founder and CEO Evgeny Gaevoy said the company expects to fund the investment through retained earnings. Wintermute was profitable in 2025 and remains on track to post a profit this year, according to the report.
Crypto Slowdown Accelerates DiversificationThe shift comes as activity in digital assets has cooled.
Wintermute’s average daily trading volume has fallen to about $10 billion this year from roughly $15 billion last year. The decline reflects weaker conditions across crypto markets and gives the firm another reason to broaden its revenue base.
Non-crypto businesses currently account for about 10% of Wintermute’s revenue. The company aims to raise that share above 50% by the end of 2027.
Its investment program will focus on computing power, storage, networking and data-center infrastructure. Those systems will support quantitative strategies that rely on large datasets and models that require continuous training and retraining.
U.S. Expansion Sets up Wall Street PushThe company is also building the regulatory and staffing base needed for a larger U.S. operation.
The registration gives Wintermute a clearer route into regulated securities markets as crypto firms and traditional finance increasingly compete across the same products.
For Wintermute, the strategy is less about abandoning crypto than reducing its dependence on it. The firm built its business around digital-asset liquidity, but the next phase is designed to apply the same trading technology across a much larger set of markets.
