The crypto market maker could have a valuation of $2 billion if the talks come to fruition.
Algorithmic crypto trading firm Wintermute is in talks with investors to raise new capital, according to a report. A deal worth between $100 million to $300 million could be in the works.
Chinese social media conglomerate Tencent is among the investors considering the deal, Bloomberg and The Information reported on July 19. The deal would give Wintermute a valuation of about $2 billion.
United Kingdom-based Wintermute provides liquidity to over 50 cryptocurrency exchanges and trading platforms. It has facilitated about $5 trillion in cumulative trading, with that amount approximately doubling in the last two years.
