Crypto market maker Wintermute plans to invest about $1 billion over the next five years in high-frequency trading and artificial intelligence data center infrastructure as it expands beyond digital assets.

Wintermute CEO Evgeny Gaevoy told Bloomberg on Wednesday that the London-based firm is seeking to build a larger presence in equities, commodities, foreign exchange and prediction markets. The company wants non-crypto activities to generate more than half of its revenue by the end of 2027, compared with about 10% currently.

The expansion comes as crypto trading volumes have weakened. Wintermute’s average daily trading volume has dropped to around $10 billion this year from roughly $15 billion in 2025,…