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