Wintermute Unveils Custom Basket Swaps for Institutional Crypto Trading

Wintermute has introduced Custom Basket Swaps, a new OTC derivative product that allows institutional clients to gain synthetic exposure to multiple crypto assets within a single 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, who agree on the assets included in the basket, their weights, notional size, and other terms like margin requirements and settlement methods.

This structure is particularly useful for strategies requiring exposure to less liquid tokens or for hedging concentrated portfolios. Wintermute's Custom Basket Swaps cater to funds and institutional desks looking for efficient, tailored exposure to crypto markets.