Wintermute and BCB Group Announce Partnership as Wintermute Joins BCB Group’s BLINC Network
London, 29 September 2021 – Wintermute, one of the largest players in the global digital asset markets, has today announced a partnership with BCB Group, Europe’s leading provider of business accounts and trading services for the digital asset economy. Wintermute has also integrated with BLINC, BCB’s global payments network, and one of the first real-time payment networks of its kind to allow free, real-time transactions across fiat and digital currencies, enabling participants to settle instantly in any of the currencies supported, with no limits.
Wintermute provides liquidity algorithmically across a large number of cryptocurrency exchanges, trades OTC in over 180 digital assets, and supports high profile blockchain projects and traditional financial institutions moving into crypto. Wintermute combines the best traits of both trading companies and technology startups. As a trading company, they trade more than $6B a day. As a technology startup, Wintermute prides itself on building, innovating and providing best-in-class liquidity to create more efficient markets.
With a dedicated focus on institutional payment services, BCB Group provides business accounts, cryptocurrency and foreign exchange market liquidity for some of the world’s largest crypto-engaged financial institutions. BCB Group is the only dual-regulated institution of its kind to offer clients a complete end-to-end suite of payment processing, cryptocurrency trading and custody services accessible through a unified API-enabled platform, allowing clients to access a complete range of digital asset services in one place.
Wintermute’s Head of Operations, Jason Stone, commented: “Thanks to BCB, counterparties we trade with benefit from fast and reliable settlement via the BLINC network, which is an outstanding example of innovation and critical problem-solving in the space. For us at Wintermute, this enables efficient fiat transfers between us and counterparties of all types. With crypto evolving at a very fast pace, and due to the reluctance of traditional banks to serve the industry, BCB is our trusted banking and payments partner. BCB is a critical part of the ecosystem for any firm in the crypto economy.”
BCB Group’s Founder and CEO, Oliver von Landsberg-Sadie, added: “I’m really excited to see Wintermute play such an important role in the growth of the industry and in the efficiency of crypto markets, which makes them kindred spirits with BCB in this era of financial transformation. They are a delight to work with and we look forward to building on the partnership.”
The network aims to transform traditional payments infrastructure by providing a unified architecture capable of handling instant domestic and international fiat transactions, crypto transactions, cross-currency transactions, security tokens, and smart contracts, all provided fee-free within the network.
Building on BCB’s established network of business account customers, BLINC’s roadmap begins with instant borderless settlement in GBP/EUR/CHF/CAD/SGD/JPY, with phased rollouts of additional fiat currencies, cross-currency settlement, crypto settlement, and cross-asset settlement.
About BCB Group
BCB Group is Europe’s leading crypto-dedicated payment services provider, serving some of the industry’s largest clients including Bitstamp, Coinbase, Galaxy, Gemini, Huobi and Kraken. BCB Group provides payment services in 20+ currencies, FX, cryptocurrency liquidity and digital asset custody.
Responding to institutional demand for operational best practice in digital asset markets, BCB Group was created by established thought leaders in finance, regulation and technology. Founded in the UK and developed to encompass key relationships across global financial services communities, BCB Group is well positioned as one of the first multi-jurisdictional regulated cryptocurrency service firms. BCB Group’s executive team have worked for Barclays, Credit Suisse, Deutsche Bank, Investec, Lloyds Commercial Bank, Norton Rose Fulbright, FIS and Sun Life of Canada. BCB’s mission is to connect and bank the global crypto industry.
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