Wintermute to Provide Liquidity for Hong Kong-listed Crypto ETFs
Wintermute said both OSL Digital Securities and HashKey will be acting as sub-custodians and virtual asset trading platforms helping with the launch and operation of the Hong Kong-listed ETFs
Crypto market maker Wintermute is providing liquidity and supporting the newly launched Hong Kong spot Bitcoin and Ethereum exchange-traded funds (ETFs). In an announcement shared with CryptoNews, London-based Wintermute said it is providing liquidity to two Hong Kong licensed digital asset platforms; OSL Digital Securities and HashKey HK Exchange.
Wintermute said both OSL Digital Securities and HashKey will be acting as sub-custodians and virtual asset trading platforms helping with the launch and operation of the Hong Kong-listed ETFs. "ETFs play a key role in bringing the next wave of investors into the crypto space, both institutional and retail, and without companies like Wintermute providing liquidity, this would not be possible," said Evgeny Gaevoy, CEO of Wintermute, in a statement. "Increasing access to digital assets will play a critical function in further accelerating growth, and Wintermute is excited to play a key role in that process," added Gaevoy.
The role of a liquidity provider involves being a market broker or institution which behaves as a market maker in a chosen asset class. Wintermute said as the liquidity provider for the ETFs, it will be working with OSL Digital Securities and HashKey on buying, selling, and the delivery of underlying spot Bitcoin and Ethereum.
