Wintermute Made Some Staff Millionaires
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An editor at Coincrop
10 Jan 2023 | 3 min read
intermute, an acclaimed crypto market maker and leader in the industry, has made its 36 British staff members millionaires this year with a staggering $83 million that was distributed among them. This is testament to Wintermute's power as one of the biggest players on today's cryptocurrency markets.
As per its freshly released annual report, Wintermute disbursed an unprecedented $83 million to the 36 UK staff members in 2021. This astonishing number translates into a breath-taking payout of $2.3 million for each employee! In addition, one particular director was granted an astounding sum of $22.5 million during the year.
In an unbelievable turn of events, Wintermute realized a staggering profit this year as all cryptocurrencies surged to record highs. From 2020's $40.4 million revenue to 2021's whopping $818.5 million mark, the company pocketed a total gain of $582 million dollars!
Wintermute has become a chief global algorithmic market maker in the cryptocurrency field. As an indispensable part of the crypto ecosystem, it is responsible for formulating liquid and streamlined markets on both centralized and decentralized trading platforms.
Wintermute's crypto market maker helps bridge the gap between traditional finance and high-profile blockchain projects, leading to over 50 successful partnerships with exchanges and trading platforms.
Despite the recent market volatility, Wintermute has experienced a sharp decline in revenue. According to Forbes, the company recorded $225 million in revenues during the first three quarters of 2022.
In addition to this, the crypto market maker has a whopping $59 million secured on FTX, which was relied upon as one of the top three cryptocurrency exchanges in the world before it declared bankruptcy at the conclusion of last year.
ChrisAn editor at Coincrop
Jonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.
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