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Gibraltar-based crypto market maker Wincent is preparing a US expansion and assessing opportunities in traditional financial markets, chief executive Tom Mazur said after the company rebranded on September 30. "We have become a much larger and more institutional business," Mazur said. The firm has not set a timetable for its US plans.
Shawn Egger has joined to lead the US effort. He previously held senior positions at Citadel and Crypto.com, and worked in FX sales at Citadel Securities from 2014.
In 2018, he joined Jefferies as a senior vice president, working on its forex sales team. Two years later, SFOX hired him to run execution services, Hedgeweek reported. Egger's appointment gives Wincent a named lead for the expansion, but the company has not identified a launch location or announced further licensing plans.
Wincent's trading is conducted through Wincent Investment Fund PCC Limited, an Experienced Investor Fund overseen by the Gibraltar Financial Services Commission (GFSC). Mazur said founders, managers and employees supply a large share of the fund's capital, which is not accepting new investment. He said the firm assesses the regulatory requirements in markets where it operates or may expand, but has no additional licensing news to disclose.
The firm's over-the-counter desk serves retail brokers, CFD providers, banks and issuers of exchange-traded funds. In March, Wincent made its crypto pricing available to CFD platforms through Wyden. The company says its workforce spans research, trading, engineering, institutional business development and support. Its reported scale and staffing figures are set out below.
| Measure | Reported figure |
|---|---|
| Employees | 173 now; 150 in 2025; 96 in 2024; 80% growth since 2024 |
| Average daily notional volume | More than $5 billion across over 15 exchanges and venues |
| Digital assets | More than 300 |
| Trades | Over a million a day; roughly 500,000 cited when Wincent joined Wyden's network in March |
| Deployed capital | More than $750 million |
| Crypto-native share of OTC flow | About 60%, according to Boris Sebosik in March |
The integration question
The staffing and trading figures, alongside the firm's expansion plans, were first reported by Finance Magnates. For trading and operations teams, the immediate unknown is what the US push entails at the connectivity layer.
Will it add venue connections, change how prices reach CFD platforms through Wyden, or require separate workflows for new counterparties? Wincent has not named US venues or described a technical rollout.
Risk and operations teams would also need to establish which entity will face each flow, how execution records will reconcile with the fund's books, and what reporting or market-specific controls are needed. Mazur says Wincent reviews rules in the markets it serves or may enter, but the company has not announced US licensing arrangements.
If the firm moves into tokenised assets or traditional markets, operators will need details on the instruments, venues and settlement processes involved before assessing changes to feeds, controls and reconciliation. Wincent says crypto market making remains its priority and that adjacent activity would build on that business. The report does not specify which products or services it may add, so the integration scope remains an open question.
