Wincent

Wincent staffs its crypto desk like a math olympiad reunion: its engineers and researchers come from MIT, ETH Zurich and Berkeley and the medal rolls of the IMO, IOI and ACM ICPC, and they back their own algorithms with the firm's capital. Founded in 2017, it is a high-frequency cryptocurrency market maker headquartered, unusually, in Gibraltar.

The whole stack is built in-house to price, hedge and execute thousands of trades a second across spot and derivatives venues and digital assets, around the clock. Co-founder Matus Kopf came up through European equity market making and professional poker, a game-theory bent that fits the business. Offices from Bratislava to Hong Kong follow crypto's nonstop clock, backed by an OTC desk serving banks and brokers.