12 Jun 2026 – Wintermute, a global algorithmic trading group in digital assets with over $3.5 trillion in annual trading volume, today announced the execution of its first single-name equity CFD trade. The contract, with SpaceX (Nasdaq: SPCX) as the underlying, was traded on the company's first day of public trading.
SpaceX priced its offering at $135 per share, raising approximately $75 billion at a valuation of around $1.77 trillion, the largest IPO on record, with books reported by Reuters to be covered multiple times over. With demand far exceeding allocation, the trade gave the counterparty exposure to SPCX within hours of the open, executed through an existing trading relationship.
Pricing on the contract is available around the clock, allowing exposure to be managed outside Nasdaq trading hours, including over weekends and holidays. Wintermute also plans to make SpaceX exposure available in tokenized form.
Evgeny Gaevoy, founder and CEO of Wintermute, said: "Demand for SpaceX was multiples of what the IPO could allocate, and most of it went unfilled. The stock stops trading at the close on Friday, and whatever happens over the weekend gets priced in on Monday morning. Wintermute was built to move fast when markets make history, and we did. SpaceX traded as a CFD on our desk on day one."
The trade comes amid sustained growth in crypto CFD activity on Wintermute Asia's OTC desk, as institutions increasingly use the instrument for capital-efficient access to a widening set of markets. Following the addition of tokenized gold and 24/7 crude oil CFD trading, single-name equities extend that range beyond crypto assets, indices, and commodities.
About Wintermute Group
Wintermute is a global algorithmic trading group and one of the largest players in digital assets, with over $10 billion in average daily trading volume. The group provides liquidity across centralized and decentralized venues, serves traditional institutional counterparties through a suite of trading products, and acts as a liquidity provider to major token projects. Beyond trading, Wintermute invests in and incubates ventures across the digital asset ecosystem.
Disclaimer: “Wintermute” is a marketing name for the Wintermute Group, which includes Wintermute Trading Ltd, Wintermute Asia Pte Ltd and other affiliates. Different Wintermute entities trade different products. Availability of products and offerings is subject to jurisdictional limitation and capabilities of each Wintermute entity.The material provided here is provided for information purposes only and does not constitute an offer or solicitation for the purchase of financial instruments. The material is intended only for sophisticated or institutional counterparties, not retail investors or customers. Information is only directed at persons who have professional experience in matters relating to trading and investments. Persons who would be classified as “retail clients” must not rely on this information.Wintermute is not liable whatsoever for any direct or consequential loss arising from the use of this information. This information does not constitute an offer or commitment, a solicitation of an offer, or commitment, or any advice or recommendation, to enter into or conclude any transactions, or to provide investment services in any state or country where such an offer or solicitation or provision would be illegal.
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