Algorithmic trading firm and market-maker Wintermute is focusing on expanding its services into the US, starting with an office in New York. Wintermute aims to offer over-the-counter products to US customers and plans to hire around five to ten more employees. The firm recently received funding in a round led by Chinese tech firm Tencent Holdings. Wintermute CEO Evgeny Gaevoy believes that other countries will likely follow the US' lead in developing more crypto-friendly regulations. US lawmakers have been focused on crypto regulations, with nearly 24 states exploring legislation to establish strategic Bitcoin reserves.



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