Crypto Market Maker Wincent Opens Liquidity to CFD Platforms via Wyden Deal

Wyden, the Zurich-based institutional digital asset trading platform, said today (Tuesday) it has added Wincent to its liquidity network, connecting the Gibraltar-headquartered market maker with banks and brokers using Wyden's smart order routing infrastructure.

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Wincent ranks among the top 10 global high-frequency cryptocurrency market makers, according to the company, executing roughly 500,000 trades and more than $5 billion in daily notional volume.

Banks and Brokers in Focus

Through the integration, Wyden's institutional clients will be able to route orders across more than 200 digital assets and 17 global venues, with Wincent's pricing feeding into Wyden's real-time Smart Order Routing engine.

Andy Flury, Founder and Board President of Wyden, said Wincent provides "the depth and reliability our institutional clients require," describing the Gibraltar firm as "a powerhouse addition to our liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term network."

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Boris Sebosik, Chief Business Development Officer at Wincent, added exclusively for FinanceMagnates.com, that the tie-up was designed specifically to serve banks and brokers, noting that the company tailored its offering for retail-facing institutions with a wide symbol portfolio and tight pricing.

He characterized Wincent's role not as a passive aggregator but as a liquidity enhancer, pointing to the firm's prop trading origins as a differentiator in order book depth and breadth.

"By combining our high-frequency market-making capabilities with Wyden's trading infrastructure and smart order routing, we are making it easier for institutions to access deep liquidity, tighter pricing, and more efficient execution across the digital asset market," Sebosik said.

CFD Brokers Also in the Frame

On the CFD side, Sebosik confirmed that institutions, including CFD retail brokers, can already trade bilaterally with Wincent through multiple access points, including Talos, Wincent's own FIX gateway, and as part of prime brokers' aggregated offerings.

The integration fits into a broader effort by both firms to meet growing demand from regulated financial institutions expanding into digital assets. As FinanceMagnates.com reported in January 2025, rival crypto market maker Wintermute recorded OTC volume growth in 2024, pointing to accelerating institutional appetite for structured digital asset access.

TradFi's Share of the Market Is Rising

Wincent processes a mix of crypto-native and traditional finance counterparties on its OTC desk, with roughly 60% of flow currently coming from crypto-native institutions, Sebosik told Finance Magnates. That balance is shifting, he said, as more banks bring new retail client bases online with digital asset offerings.

"The distinction is no longer very clear in many cases, as several large institutions have been offering crypto trading for a long time and I wouldn't count them as pure tradfi brokers," Sebosik commented for FinanceMagnates.com.

That view reflects a broader market reality visible across the liquidity provider landscape, where the line between crypto-native and traditional finance counterparties continues to blur.

Wyden Keeps Building Its LP Roster

This is not Wyden's first integration in recent months. The firm added Crypto Finance AG, the Deutsche Börse-owned digital asset trading firm, to its network in March 2025, and followed that with Nomura-backed Laser Digital in October 2025.

Nomura's digital asset arm has since faced its own challenges, with the Japanese bank partly attributing a 10% profit decline to crypto-related losses in early 2026, adding a note of caution to the otherwise expansive institutional narrative.

Wyden, headquartered in Zurich with operations in Poland, Singapore, and New York, describes its platform as covering the full trade lifecycle for banks, brokers, and asset managers, including custody, core banking, and portfolio management system integration. Wincent, regulated in Gibraltar, offers access to liquidity across nearly 10,000 cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, including locked tokens, through voice, FIX API, GUI interfaces, and indirect access via prime brokers.