Crypto market maker Wintermute lands SEC approval to trade equities and ETF blocks
The crypto market maker can now trade US stocks and options and support ETFs as crypto moves closer to traditional markets.
AI Summary
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.