Crypto market maker Wintermute lands SEC approval to trade equities and ETF blocks

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Wintermute’s U.S. arm has secured broker-dealer status from the SEC and FINRA, allowing it to trade U.S. stocks, options, and provide liquidity for ETFs, including crypto-linked funds. The firm will operate as a proprietary trading firm, initially focusing on crypto-linked markets while planning to expand into tokenized stocks pending regulatory approval.