Hot Cross Enlists Wintermute as Its Official Market Maker and Liquidity Manager
Enabling Liquid, Efficient, Cross-chain Assets with a Top-in-class Firm
💧 On CeFi and DeFi Cross-chain Liquidity
One of the most significant challenges that any blockchain team can face is to manage liquidity. In short, liquidity to markets is like oxygen to humans. Without liquidity or proper liquidity management, efficient markets cannot exist. This is where Wintermute, a leading global algorithmic market maker in digital assets, comes in.
Hot Cross is proud to share that we have officially entered into a formal engagement with Wintermute to manage HOTCROSS liquidity on centralized and decentralized exchanges, including PancakeSwap, Uniswap, KuCoin, and Gate. What makes this arrangement so beneficial for the Hot Cross team is that we now operate on up to seven blockchains at one time—with more on the way—as well as a few centralized exchanges. Most of this is currently on canonical ETH and BSC.
As builders, we do not wish to focus nonstop on the market. This is the least of our concerns when deploying safe code. On the other hand, Wintermute cares deeply about its portfolio projects’ on-chain and off-chain market health and takes the load off of teams like Hot Cross so that we can both be at our best. It’s truly a refreshing sight to behold when a liquidity management company such as Wintermute acts as both our advocates on-chain and off-chain.
Digital Assets OTC with Wintermute
One of the standout capabilities of Wintermute is its OTC offering, which offers institutional-grade clients the best coverage and prices via chat, API, and several order and execution management systems. Wintermute trades up to 14,000 digital asset pairs, operates 24/7/365 with offices in London and Singapore, and handles OTC via chat, API, and OEMS partners.
Read more about those offerings in the following article, a fantastic guide for institutions and larger-purse clients who wish to acquire HOTCROSS via OTC. Also, be sure to read up on how Wintermute plans to disrupt TradFi in a compliant way. Industry partners like Wintermute are a must for DeFi and CeFi teams who want to exhaust our brainpower on building and not on wiggles of the market.
We’re excited about the road ahead with Wintermute and look forward to working with them as Hot Cross grows into a protocol with various product offerings for both teams and communities alike.
Wintermute is a leading algorithmic trading firm that is focused on innovative digital asset markets. It partners with promising projects to help them improve liquidity. Wintermute supports all major exchanges and pairs, covering centralized and decentralized exchanges and trading platforms. Wintermute has a track record of working with many of the world's most prominent projects. Visit the Wintermute website to learn more about their product offerings and efficient CeFi and DeFi liquidity management performance.
You’ll currently find the Hot Cross Token on the following markets:
A deep dive into the Hot Cross Token can be found here.
We’d also like to kindly remind our beloved community that we absolutely, positively never comment or speculate on potential or future listings. The above options make for a super-exciting opportunity right now. (Don’t forget that we have a bridge.)
Ongoing Work at Hot Cross
Ongoing feedback loop for the products we’re building, including the minter
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About Hot Cross
Hot Cross is an extensive multi-chain and cross-chain tool suite that enables blockchain teams and their communities to thrive. At its core, Hot Cross aims to be the best toolbox for ETH and EVM networks. Their development philosophy is agile, and they are a cohort of builders who aggressively seek out opportunities to meet the demands of the now for both B2B and B2C. The core thesis that Hot Cross presents is that users and teams will migrate in part to new networks that feel familiar when presented with good tooling and freedom. Hot Cross is a company and an ecosystem in and of itself, and our goals are towards allowing communities to flourish using our technologies, whether or not they know we are the ones building them.