Wintermute Asia Completes First Block Trade of Options

The digital asset derivatives arm of Wintermute Group, Wintermute Asia, has successfully executed its first options block trade on CME Group.

With the execution of its first options block trade through CME Group, Wintermute Asia, a division of algorithmic trading company Wintermute Group, has established a noteworthy partnership between cryptocurrency and conventional financial markets.

Wintermute Asia, a division of the massive algorithmic trading company Wintermute Group, reached a major turning point in the history of bitcoin futures trading.

The company revealed a significant development in the world of digital assets on Tuesday that it had successfully executed an options block deal through the CME Group for the first time.

ABN AMRO Clearing Bank approved an innovative BTC/USD block trade that was arranged between Wintermute Asia and TP ICAP. The head of TP ICAP's digital assets broking, Sam Newman, stressed the significance of these advancements, stressing the sector's “exciting market” and its “maturation.”

In August, the Chicago-based derivatives market CME Group teamed up with cryptocurrency indexing firm CF Benchmarks to offer reference rates for major cryptocurrencies in the Asia-Pacific region, including Ether (ETH) and Bitcoin (BTC).

Wintermute and its counterparts will soon have access to a “highly liquid, regulated suite” of cryptocurrency futures and options, according to Giovanni Vicioso, global head of cryptocurrency products at CME Group.