Wintermute, one of the largest liquidity providers in the cryptocurrency market, is expanding to the United States with the opening of a new office in New York and the introduction of over-the-counter (OTC) trading products in the country.

Wintermute has plans for a “new added focus on the US”, to CEO Evgeny Gaevoy told Bloomberg under the consensus Hong Kong 2025.

“We are looking to expand in the US with our OTC offering, and we seem to be expanding in the US with derivatives also offering on the OTC side,” Gaevoy said.

The company, which has offices in London and Singapore and employs more than 100 people, is driven by optimism for potential regulatory changes in the United States under the administration of President Donald Trump.

It’s not alone. Other crypto companies that are now considering US expansion or sharing sales to the public include Blockchain.com, Circle, Kraken, Gemini Ripple and Bitgo. Bullish Global, the parent of Coindesk, is also said to consider a stock exchange listing.

The New York Office opens later in the year with an initial team of between five and 10 employees. Gaevoy said Wintermute is not performing trading activities out of the new office.