Evgeny Gaevoy, founder of Wintermute, transitioned from traditional finance to the crypto space in 2016, recognizing the potential for disintermediation through blockchain technology. Since its inception in 2017, Wintermute has become a leading algorithmic trading and liquidity provider in the crypto market. Gaevoy highlights significant differences between Asian and Western crypto markets, particularly pointing out regulatory influences and the absence of Chinese institutional trading. He sees opportunities in Japan's favorable tax policies and South Korea's retail market, while noting Hong Kong's potential as a testing ground for China's future engagement with crypto. Additionally, he discusses the evolving role of AI in trading, acknowledging that while AI is increasingly utilized, human traders will remain essential as crypto markets are highly volatile and unpredictable. Wintermute's strategy focuses on embracing liquidity fragmentation across various blockchains and exchanges, offering a competitive advantage. Gaevoy aims to clarify misconceptions about market makers and their role in providing liquidity during an upcoming talk at Consensus Hong Kong.

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