Wintermute Expands US Operations with Broker-Dealer Registration
Crypto market maker Wintermute has expanded its operations in the US by registering its affiliate Wintermute USA LLC as a broker-dealer. The registration allows Wintermute to trade stocks and stock options, as well as act as an authorized participant for exchange-traded products, including those tied to digital assets.
This move positions Wintermute for the emerging tokenized securities landscape, according to founder and CEO Evgeny Gaevoy. He believes that digital asset markets will evolve in multiple directions, with traditional finance and digital assets developing in parallel and ultimately integrating more deeply.
The registration with the US Securities and Exchange Commission and Financial Industry Regulatory Authority (FINRA) enables Wintermute USA to operate in both traditional financial services and digital asset markets.