ICON Foundation Partners with a Leading Market Maker Wintermute
ICON Foundation has announced a strategic partnership with Wintermute, a leading global algorithmic trading market maker.
As part of this partnership, Wintermute will become one of the official market-making partners of the ICON project and will commit to providing liquidity to ICX pairs on all existing exchanges and new listings, and become active in their growing cross-chain DeFi ecosystem. The ICON Foundation will provide a loan of 6.5 million ICX with an option for Wintermute to purchase after one year.
They believe in the importance of cross-chain interoperability and its necessity to promote future success within the industry.
About ICON Foundation
ICON Foundation was founded in August 2017 to initiate the ICON Project, a blockchain protocol for decentralized applications. As an aggregator chain, it achieves interoperability — a web of interconnected networks aggregating all blockchain data into one layer. The ICON network is secured by nearly 150 validators in over 35 counties. ICON’s own native cryptocurrency ICX is traded in over 30 exchanges including Binance.com, Kraken, and Bithumb.
About Wintermute
Wintermute was founded in July 2017 by three Optiver veterans. Wintermute is a leading market maker of digital assets globally. Supporting many high-profile blockchain projects, the firm manages hundreds of millions in assets and trades more than $4B+/day across dozens of different trading platforms. Recently, Wintermute has raised $20 million in Series B from Lightspeed Ventures, Pantera Capital, and others.
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