The digital asset derivatives trading arm of Wintermute Group, Wintermute Asia, has completed the integration of its spot and contract for differences (CFD) liquidity into the oneZero ecosystem.
oneZero works over multiple asset classes, offering trading technology for banks and financial institutions.
In addition to the oneZero integration, Wintermute has also introduced the market’s first multi-currency collateral support, which will enable counterparties to post any cryptocurrency or fiat as margin collateral for CFD trading.
Despite CFDs being a more recent addition to Wintermute’s OTC derivatives offering, launched in March, trading volumes had increased more than threefold by June, according to the firm.
Wintermute stated that it sees significant growth opportunities in the relatively smaller volumes of crypto CFDs, with plans to position itself as a leading liquidity provider in this market.
With the firm expecting increased market demand for efficiently cleared and settled digital asset contracts, Wintermute has integrated with oneZero.
“To offer their clients an efficient trading environment, brokers need deep liquidity and reliable 24/7 pricing, and Wintermute is ideally positioned to meet these needs,” said Evgeny Gaevov, chief executive of Wintermute.
“[…] Leading financial institutions can now access Wintermute’s tight spreads, competitive margins, no fees, and 99.9% uptime for over 350 CFD trading pairs through oneZero’s robust infrastructure.”
oneZero has built a liquidity-neutral ecosystem on behalf of its clients, covering over 250 brokers, banks, and liquidity providers who trade more than $200 billion in notional volumes across a range of asset classes via the platform every day.
“Wintermute has an outstanding track record of providing robust liquidity for hundreds of digital assets, ensuring market access for banks and other B2B clientele,” said Andrew Railch, co-founder and chief executive at oneZero.
“oneZero’s ability to offer innovative, multi-asset capabilities alongside our pioneering FX offerings, all backed by a robust data and analytics framework, continues to differentiate our offering.”