Wintermute, one of the major market makers of the cryptocurrency industry, does not support the new plan of the Three Arrows Capital (3AC) founders.
Su Zhu and Kyle Davies, founders of bankrupt Three Arrows Capital, met with the founders of CoinFlex to set up a new cryptocurrency exchange and for this plan To raise $25 million in funding it’s working.
In the stock market, which is planned to be established under the name GTX, in addition to crypto money and shares, people can also buy and sell their investment rights in bankrupt companies such as FTX.
The founders of GTX, for this “obvious demand in the market” and that GTX will get this area within 2-3 months. “can dominate” is thinking.
The cryptocurrency community, on the other hand, does not favor this plan of the founders of 3AC. Evgeny Gaevoy, CEO of market maker Wintermute, took his discomfort with this plan to social media and made the following statement:
“If you invest in the Coinflex/3AC ‘exchange’, you may have a hard time doing business with Wintermute in the future.”
Gaevoy, also as Wintermute, in that they will not invest in any project that hosts the founders of 3AC stressed.
In the day like Wintermute More than $5 billion in transactions For a cryptocurrency market maker to distance itself from GTX, similar attitudes could be seen in the industry.