Wintermute to bring liquidity to booming prediction markets sector

Wintermute says it will provide “two-sided markets across event contracts on leading venues,” but did not specify what platforms it was trading on.

Crypto liquidity provider and trading firm Wintermute says it is providing liquidity on prediction markets as the industry continues to expand.

The firm, which handles $3.5 trillion in annual trading volume, said on Friday that it is extending its institutional trading to prediction markets and would provide “two-sided markets across event contracts on leading venues,” without specifying the platforms. 

Jake Ostrovskis, head of OTC trading at Wintermute, said prediction markets have the “demand profile” of a major asset class but the liquidity profile of an “early-stage one.”

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