36 British Staff Become Millionaires as Wintermute Profits Soar to $582 Million
• Wintermute, a leading global crypto market maker, paid its 36 British staff a total of $83 million in 2021, making 36 new millionaires.
• The company made $582 million in profits in 2021, up from $40.4 million in 2020, and traded over $1.5 trillion in digital assets.
• Wintermute’s presidents and executive directors earned a total of $31 million in 2021, with the highest-paid director receiving $22.5 million.
Wintermute is one of the biggest market makers in the crypto space and has made a significant impact on the industry in terms of liquidity and efficiency. In 2021, the firm paid its 36 British staff an impressive $83 million in total, birthing 36 new millionaires.
The crypto company recorded a remarkable surge in its profits during the year, going from $40.4 million in 2020 to $582 million in 2021. This was mainly due to the surge in crypto prices, which saw Wintermute trading over $1.5 trillion in digital assets.
The filing also revealed that the company’s presidents and executive directors earned a total of $31 million in 2021, with the highest-paid director receiving a whopping $22.5 million. This was an increase from $1.6 million the previous year.
The company has become an integral part of the crypto ecosystem, providing liquidity and efficiency through its algorithmic market making services. It has also facilitated the entrance of traditional financial institutions and high-profile blockchain projects into the crypto space by partnering with over 50 exchanges and trading platforms.
Overall, Wintermute has revolutionized the crypto space, not only making 36 millionaires in 2021, but also providing essential services to the industry. As the crypto market continues to grow and mature, Wintermute looks set to remain one of the most influential market makers in the space for years to come.