Crypto market maker Wintermute is eyeing an expansion into Singapore after co-founder Yoann Turpin revealed that he would be moving to the Asian country alongside some staff members, Bloomberg reported on July 27.
Wintermute is much more focused on Asia
Turpin explained that the firm was becoming more focused on Asia following the regulatory issues plaguing the industry in the West.
The United States has recently increased its scrutiny of the space, with financial regulators filing legal actions against leading crypto exchanges, Coinbase and Binance.
Meanwhile, Asia has been experiencing a more positive wave of regulatory changes, with several countries introducing pro-crypto legislation to attract more crypto entrepreneurs to their shores. For context, Hong Kong’s Securities and Futures Commission (SFC) has paved the way for a more crypto-friendly environment, revealing its intent to license more than eight crypto companies by year-end and easing regulatory requirements for crypto e
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