Wintermute Expands into Traditional Finance with US Broker-Dealer Registration

Crypto market maker Wintermute has launched its US arm as a broker-dealer, expanding into traditional financial services in the country. The registration allows Wintermute USA LLC to trade stocks and stock options and act as an authorized participant for exchange-traded products, including those tied to digital assets.

The move marks a significant step for Wintermute, which has been operating globally since 2017. According to its founder and CEO Evgeny Gaevoy, the firm's long-term conviction is that digital asset markets will evolve in multiple directions, with traditional finance and digital assets developing in parallel.

Gaevoy believes that firms that succeed in this emerging landscape will be those that have technical and operational know-how to operate in both traditional finance and digital assets. The registration with the US Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) is a key step in positioning Wintermute for this future.