Wintermute's Broker-Dealer Registration Opens Crypto ETF Market Path

Wintermute, a leading algorithmic trading firm and over-the-counter (OTC) desk in cryptocurrency, has registered as a broker-dealer with the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC).

This move allows Wintermute's U.S. entity to engage in specific activities involving traditional securities under U.S. securities laws.

The registration is significant for the crypto ETF space as it enables Wintermute to become an Authorized Participant (AP) for exchange-traded products, including crypto ETFs.

This means that Wintermute will use its own funds to buy and sell securities, providing liquidity and reducing trading friction through market making.

Evgeny Gaevoy, Founder and CEO of Wintermute, commented on the registration: 'Our long-term conviction has always been that digital asset markets will evolve in more than one direction.'