Wintermute's $1 Billion AI Investment Beyond Crypto

Wintermute is set to invest $1 billion in AI and high-frequency trading to expand its business beyond cryptocurrency, aiming for over 50% of revenue from non-crypto markets by 2027.

FinanceWintermute plans to invest $1 billion in artificial intelligence initiatives outside the cryptocurrency sector, according to a report by Bloomberg.

The firm aims for non-crypto markets to drive over 50% of revenue by 2027, up from 10% currently, as it seeks to diversify its business.

By Francisco Rodrigues|Edited by Nikhilesh De 25 min ago 2 min readMake preferred on

Wintermute intends to channel $1 billion into high-frequency trading and AI infrastructure over the next five years to broaden its market reach beyond crypto.
The company aims for over 50% of its revenue to come from non-crypto sectors by 2027, a significant increase from the current 10% share.
This strategic shift comes amid declining crypto trading activity, with daily volumes dropping from $15 billion in 2025 to about $10 billion this year.

The London-based trading firm Wintermute is set to allocate around $1 billion towards high-frequency trading and AI infrastructure over the next five years as it ventures into stocks, commodities, and foreign exchange markets.

According to a report from Bloomberg, founder and CEO Evgeny Gaevoy stated the goal is for non-crypto markets to account for more than 50% of their revenue by 2027, up from a mere 10% today. Wintermute plans to finance this investment through retained earnings.

This decision comes in response to a downturn in cryptocurrency activity, with Wintermute’s average daily trading volume decreasing to approximately $10 billion this year, down from $15 billion in 2025. The value of bitcoin has also halved from its peak of over $126,000 in October.

In the first half of 2026, institutional investors made up a record 72% of the spot trading volume on Wintermute's over-the-counter desk.

Gaevoy mentioned that the privately held company was profitable in 2025 and anticipates maintaining profitability this year, though specific figures were not disclosed. During the crypto bull market of 2021, Wintermute reported a profit of $582 million, according to Forbes.

This investment will position Wintermute to compete with established firms like Jane Street, Citadel Securities, and XTX Markets. Last year, XTX announced a plan to invest €1 billion (approximately $1.15 billion) into five data centers in Finland, while Jane Street is also in the process of developing its own data center.

Wintermute intends to utilize this infrastructure to enhance its quantitative models by processing large amounts of market data, thereby boosting its computing, storage, and networking capabilities. Gaevoy emphasized that succeeding in traditional markets requires more than just improving execution times.

In 2025, the firm began trading exchange-traded funds and perpetual futures linked to real-world assets and expanded to include 24-hour trading of West Texas Intermediate crude oil in March. Additionally, it launched a prediction-markets desk at the beginning of 2026.

Recently, Wintermute’s U.S. division obtained broker-dealer status, enabling it to trade stocks and stock options, as well as act as an authorized participant for exchange-traded funds.

CoinDesk has reached out to Wintermute for further comments.

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Wintermute to Invest $1 Billion in AI Expansion Beyond Crypto

The firm aims for non-crypto markets to drive over 50% of revenue by 2027, up from 10% currently, as it seeks to diversify its business.