Wintermute Asia, a crypto derivatives trading arm of algorithmic trading firm Wintermute Group, said on Tuesday it executed its first options block trade through CME Group.
The BTC/USD block was traded between Wintermute Asia and TP ICAP and was cleared by ABN AMRO Clearing Bank, Wintermute said in a statement.
“In an exciting and rapidly growing market, it is fantastic to see crypto-native companies like Wintermute accessing traditional products and services, solidifying our belief that the maturation of this market is gaining momentum,” Sam Newman, TP ICAP Digital Assets . brokerage chief, he said in the statement.
CME Group is a Chicago-based derivatives exchange. In mid-August, the company announced a collaboration with cryptocurrency indexing firm CF Benchmarks to provide APAC-specific reference rates for ether and bitcoin, The Block previously reported.
“We are pleased to provide Wintermute and its counterparties with access to our highly liquid, regulated set of benchmark cryptocurrency futures and options on bitcoin and ether,” said Giovanni Vicioso, global head of cryptocurrency products at CME Group.
Disclaimer: Evgeny Gaevoy, Founder and CEO of Wintermute, previously served on The Block’s board of directors from April 2023 to early November 2023 and remains a shareholder.
