Wintermute Launches Custom Basket Swaps for Institutional Clients

Wintermute has launched Custom Basket Swaps, a bespoke OTC derivative product that allows institutional clients to gain synthetic exposure to multiple crypto assets in one position. This tool is designed for thematic trading, liquidity-efficient hedging, and portfolio construction.

The swaps are tailored contracts negotiated between Wintermute and its clients, where participants agree on the assets included in the basket, their weights, notional size, and other terms like margin requirements and settlement methods.

Instead of buying each asset directly, clients receive or pay the performance of the basket relative to agreed benchmarks or financing rates. This structure is particularly useful for strategies requiring exposure to less liquid tokens or for hedging concentrated portfolios.