One of the top algorithmic trading firms and over-the-counter (OTC) desks in cryptocurrency, Wintermute, recently registered as a broker-dealer with the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC).
Wintermute’s U.S. broker-dealer move opens crypto ETF market path
One of the top algorithmic trading firms and over-the-counter (OTC) desks in cryptocurrency, Wintermute, recently registered as a broker-dealer with the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange…
Bitget
Publisher
Aug 7, 2026 at 12:19 PM UTC · Updated vor 2 Monaten · 2 Min. Lesezeit
Übersetzung…
Up until now, Wintermute’s main reputation has been offering cryptocurrency liquidity on OTC markets, decentralized exchanges (DEXs), and centralized exchanges.
But now under U.S. securities laws, its U.S. entity can now lawfully engage in specific activities involving traditional securities.
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Is this good news for the crypto ETF space?
With this registration, Wintermute will use its own funds to buy and sell securities, in contrast to a conventional broker that makes trades on behalf of customers.
Moreover, to provide liquidity and lessen trading friction, its main function will be market making, which involves continuously quoting buy and sell prices.
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