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Wintermute Trading Expands Presence in Asia, Co-founder to Relocate to Singapore

Wintermute Trading, a global algorithmic trading firm, is expanding its presence in Asia by establishing its second office in Singapore. Co-founder Yoann Turpin and some staff members will relocate to Singapore as the crypto industry looks to the region for opportunities. Wintermute is a major liquidity provider in the sector and conducts derivatives business in Singapore. Singapore's regulations are becoming increasingly important in the crypto industry, and the country has implemented tighter regulations, including storing customer assets in a statutory trust to safeguard against potential bankruptcy. Singapore and the UK have also announced a partnership to establish global regulatory standards.

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