Wintermute Bridges TradFi Gap with SEC Approval
Crypto trading giant Wintermute has taken a significant step towards serving as an authorized participant for digital asset exchange-traded products in US securities markets.
The firm's subsidiary, Wintermute USA LLC, is now registered as a broker-dealer with the Securities and Exchange Commission (SEC) and has gained membership with the Financial Industry Regulatory Authority (FINRA).
This development allows Wintermute 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.
Evgeny Gaevoy, Founder and CEO of Wintermute, said: 'Digital assets and traditional finance will continue to develop in parallel, intersect in new ways, and ultimately integrate more deeply.'