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The Chopping Block: How Wintermute Avoids ‘Zombie’ Exchanges, Base’s Early Success, Bank Fraud in the AI Era - Ep. 532
Aug 17, 2023
Evgeny Gaevoy, CEO of Wintermute Trading, shares his expertise as a leading crypto market maker. He discusses strategies for navigating quiet crypto markets and highlights the dangers of 'zombie' exchanges. The conversation dives into Base’s rapid success and its implications for DeFi. They also explore how biometrics can secure crypto wallets and the looming threat of bank fraud in the AI era. Insights on the evolving landscape of trading firms and the parallels between friends.tech and BitClout add depth to this engaging discussion.
56:58
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Quick takeaways
- Wintermute focuses on building better algorithms and their DeFi stack in slow market periods.
- Coinbase's Layer 2 solution, base, has gained significant engagement and traction.
Deep dives
Crypto trading volumes at Wintermute at lowest levels in years
According to Evgeny, a trader at Wintermute, the trading volumes in the crypto market, particularly at Wintermute, have hit their lowest levels in years. The slow market activity has resulted in boredom and short attention spans among participants, leading to the emergence of new activities such as trading meme coins like Harry Potter Sonic Obama Ten. During slow periods, the team at Wintermute focuses on building better algorithms, software, and hardware, with the most notable improvement being their DeFi stack.
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Discover
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