Crypto market maker Wintermute launches US broker-dealer
Wintermute said the registration allows the firm to position itself for the growth of tokenized securities in the US.
Wintermute, a crypto market maker, has launched a US broker-dealer affiliate named Wintermute USA LLC. This registration enables the firm to expand into traditional financial services in the US. Wintermute USA is now authorized to trade stocks, stock options, and act as an authorized participant for exchange-traded products, including those linked to digital assets.
Wintermute's CEO, Evgeny Gaevoy, stated that the company believes digital assets and traditional finance will evolve in parallel, intersect in new ways, and eventually integrate more deeply. He added that firms with technical and operational expertise to operate in both domains are likely to succeed.
The registration as a broker-dealer, required by the US Securities and Exchange Commission and FINRA, allows Wintermute USA to provide trading services for customers, on its own account, or both. Authorized participants facilitate the ETF creation and redemption process in the capital markets.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.