Wintermute Breaks into US Securities Market
Crypto market maker Wintermute has cleared a major hurdle in its bid to gain a foothold in US securities markets, securing registration as a broker-dealer with the Securities and Exchange Commission (SEC) and membership with the Financial Industry Regulatory Authority (FINRA).
This development allows Wintermute's subsidiary, Wintermute USA LLC, to trade equities and equity options for its own account, provide liquidity to exchanges and over-the-counter markets, and serve as an authorized participant for exchange-traded products, including those tied to digital assets.
According to Evgeny Gaevoy, Founder and CEO of Wintermute, 'Digital assets and traditional finance will continue to develop in parallel, intersect in new ways, and ultimately integrate more deeply.'