Wintermute market update flags crypto OTC desk commentary

Wintermute published a market update dated 2 November 2026 that presents analysis of recent crypto market developments from its OTC desk. The note is framed as informational commentary and does not include market prices, performance figures or a disclosed trading outlook in the text provided.

Evidence and context

The update identifies Wintermute Trading Ltd. as a company registered in England and Wales and registered with the UK Financial Conduct Authority for its cryptoasset activities under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended, under FRN 928764. It also names Wintermute Asia Pte. Ltd., incorporated in Singapore, and says the two entities trade for their own account. The notice adds that neither entity is authorised or regulated by any regulatory authority and that counterparties may not benefit from protections typically available when trading with regulated firms.

The disclosure also states that neither entity engages in the management, custody or holding of assets on behalf of investors or customers, and that communications from either entity are not intended to establish a customer relationship or provision of services. It further says references to market making, liquidity provisioning or similar terms do not refer to regulated activities using the same or similar names, and that the material is for information purposes only and does not constitute an offer or solicitation for cryptoassets or financial instruments referencing cryptoassets.

No separate November 2026 market commentary, price data or flow statistics were included in the material available here. The latest related official Wintermute market update located in the accompanying background was dated 26 October 2026, so this 2 November item should be treated as a dated market note rather than a source for quantified November trading conditions.