Algorithmic cryptocurrency trading firm Wintermute is currently in discussions with investors to secure additional funding, potentially ranging from $100 million to $300 million. Among the interested parties is Chinese social media giant Tencent, as reported by Bloomberg and The Information on July 19. This investment could result in Wintermute being valued at approximately $2 billion. Wintermute, based in the United Kingdom, specializes in providing liquidity to more than 50 crypto exchanges and trading platforms, facilitating around $5 trillion in total trading volume. The firm has also made strategic investments in various crypto projects, including Analog, Backpack, Taiko, Agora, and M^0. Tencent, known for its WeChat app and gaming ventures, has been expanding into AI and blockchain technology. Both Wintermute and Tencent have been actively involved in the crypto space, with Tencent previously investing in Immutable and Everledger. Read more AI-generated news on: https://app.chaingpt.org/news