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Crypto market maker Wintermute launches US broker-dealer

Created at 7 Aug · 12:20 AM1 source↑ Market-relevant
IN SHORT

Crypto trading firm Wintermute has registered its US arm as a broker-dealer with the SEC and FINRA, enabling it to trade stocks and stock options and participate in the growing tokenized securities market.

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Who's Involved

Wintermute
Crypto trading firm launching US broker-dealer arm
Wintermute USA LLC
Registered broker-dealer with SEC and FINRA
US Securities and Exchange Commission
Regulator where Wintermute USA registered
Financial Industry Regulatory Authority
Regulator where Wintermute USA registered
Evgeny Gaevoy
Founder and CEO of Wintermute

↳ Why This Matters

Wintermute's registration as a broker-dealer signifies a strategic move to bridge traditional finance and digital assets, positioning the firm to participate in the evolving landscape of tokenized securities and potentially influencing the integration of crypto with mainstream financial services.

Key facts

  • Wintermute USA LLC has registered with the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
  • The registration permits the firm to trade stocks and stock options.
  • Wintermute USA can serve as an authorized participant for exchange-traded products, including those linked to digital assets.
  • The company aims to capitalize on the growth of tokenized securities in the US.

Crypto trading firm Wintermute has expanded its US operations by registering its affiliate, Wintermute USA LLC, as a broker-dealer with the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). This registration allows the company to trade stocks and stock options, and to act as an authorized participant for exchange-traded products, including those linked to digital assets.

Wintermute stated that this move positions the firm to capitalize on the growth of tokenized securities in the US. Evgeny Gaevoy, founder and CEO of Wintermute, expressed a long-term conviction that digital asset markets will evolve in multiple directions, with digital assets and traditional finance developing in parallel, intersecting, and ultimately integrating more deeply. He believes that successful firms will possess the technical and operational expertise to operate in both spheres.

A broker-dealer is defined as a financial entity that facilitates the trading of securities on behalf of customers, on its own account, or both. Authorized participants play a crucial role in the ETF creation and redemption process.

Frequently asked questions

A broker-dealer is a financial entity that assists in the trading of securities on behalf of customers, on its own account, or both.

Authorized participants are facilitators of the ETF creation and redemption process in the capital markets.

The registration allows Wintermute to trade stocks and stock options and positions the firm for the growth of tokenized securities in the US.

What Happens Next

01Wintermute USA to begin trading stocks and stock options.
02Wintermute USA to act as an authorized participant for ETFs.
03Wintermute to further integrate digital asset and traditional finance operations.

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How It Developed

Wintermute's US arm registered as a broker-dealer.
The registration allows trading of stocks and stock options.
Wintermute USA can act as an authorized participant for ETFs, including those tied to digital assets.
The move positions Wintermute for the emerging tokenized securities landscape.

Sources

T1
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.Cointelegraph

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