Markets
Cryptocurrency market maker Wintermute in talks to raise funds from Tencent and others
Cryptocurrency Trading Company Wintermute Trading Ltd. is in talks with investors, including Tencent Holdings Ltd. to raise funds at a valuation of about $2 billion, people familiar with the matter said.
As part of the deal, early investors and employees could sell some shares, the people said, asking not to be named to discuss private deliberations. With the money Wintermute raises by selling new shares, the total deal size could be $200 million to $300 million, they said.