Key Takeaways
- • Wincent, a Gibraltar-based crypto market maker, plans a US expansion and is studying a move into traditional financial markets, according to CEO Tom Mazur in an interview with Finance Magnates.
- • Headcount rose to 173 from 96 in 2024 and 150 in 2025, an increase of roughly 80% since 2024, with staff across quantitative research, trading, engineering and institutional business development.
- • Wincent reports more than $5 billion in average daily notional volume across over 15 exchanges and venues, more than 300 digital assets traded, and over $750 million in deployed capital.
- • Shawn Egger, formerly of Citadel Securities and Crypto.com, has joined to lead the US push; no timeline or licensing announcements were given.
- • The firm's only named regulator is the Gibraltar Financial Services Commission, and its trading fund is closed to new investors.
Summary
Wincent, a crypto market maker based in Gibraltar, is preparing to expand into the United States and is studying a move into traditional financial markets, according to Chief Executive Tom Mazur, who outlined the plans to Finance Magnates after a rebrand on September 30. Mazur said the firm has become "a much larger and more institutional business." Its over-the-counter desk already trades with retail brokers, CFD providers, banks and exchange-traded fund issuers. In March, Wincent opened its crypto pricing to CFD platforms through a deal with Wyden, and it now reports more than $5 billion in average daily notional volume across over 15 exchanges and venues.
Shawn Egger, who previously held senior roles at Citadel Securities, where he worked in FX sales from 2014, Jefferies, and crypto prime broker SFOX, has joined Wincent to lead the US expansion. Egger wrote on LinkedIn that his mandate is to build the firm's presence across the United States, with a focus on institutional relationships, market making, liquidity, tokenization and financial infrastructure. Mazur gave no timeline for the expansion and said new offices will follow only where there is a clear commercial case.
Wincent employs 173 people, up from 96 in 2024 and 150 in 2025, according to Mazur. The firm trades more than 300 digital assets, executes over a million trades a day and has more than $750 million in deployed capital. It trades through Wincent Investment Fund PCC Limited, an Experienced Investor Fund regulated by the Gibraltar Financial Services Commission. Founders, management and staff provide a large share of the fund's capital, and the fund is closed to new investments. The Gibraltar regulator is the only regulator the firm names; Mazur said it reviews rules in each market where it operates or sees room to grow and has no further licensing announcements.
Crypto market making remains the priority, Mazur said, with selective interest in tokenized assets and traditional markets where institutions want deeper liquidity. About 60% of Wincent's OTC flow came from crypto-native institutions, according to Boris Sebosik, chief business development officer, who said in March he expected banks adding retail crypto products to shift that mix. Mazur now lists asset managers, hedge funds, token issuers, miners and fintechs among counterparties alongside exchanges. Beyond the US, the firm lists offices in Zurich, London, Bratislava, Warsaw, Dubai and Hong Kong.
For context, Wintermute set up a US headquarters in New York in May 2025 and its subsidiary Wintermute USA LLC registered as a broker-dealer with the SEC in August, while Citadel Securities took a $400 million stake in Crypto.com in July.
Shawn Egger, who previously held senior roles at Citadel Securities, where he worked in FX sales from 2014, Jefferies, and crypto prime broker SFOX, has joined Wincent to lead the US expansion. Egger wrote on LinkedIn that his mandate is to build the firm's presence across the United States, with a focus on institutional relationships, market making, liquidity, tokenization and financial infrastructure. Mazur gave no timeline for the expansion and said new offices will follow only where there is a clear commercial case.
Wincent employs 173 people, up from 96 in 2024 and 150 in 2025, according to Mazur. The firm trades more than 300 digital assets, executes over a million trades a day and has more than $750 million in deployed capital. It trades through Wincent Investment Fund PCC Limited, an Experienced Investor Fund regulated by the Gibraltar Financial Services Commission. Founders, management and staff provide a large share of the fund's capital, and the fund is closed to new investments. The Gibraltar regulator is the only regulator the firm names; Mazur said it reviews rules in each market where it operates or sees room to grow and has no further licensing announcements.
Crypto market making remains the priority, Mazur said, with selective interest in tokenized assets and traditional markets where institutions want deeper liquidity. About 60% of Wincent's OTC flow came from crypto-native institutions, according to Boris Sebosik, chief business development officer, who said in March he expected banks adding retail crypto products to shift that mix. Mazur now lists asset managers, hedge funds, token issuers, miners and fintechs among counterparties alongside exchanges. Beyond the US, the firm lists offices in Zurich, London, Bratislava, Warsaw, Dubai and Hong Kong.
For context, Wintermute set up a US headquarters in New York in May 2025 and its subsidiary Wintermute USA LLC registered as a broker-dealer with the SEC in August, while Citadel Securities took a $400 million stake in Crypto.com in July.
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