Wintermute’s US license pulls a top global crypto liquidity provider onto Wall Street rails

One of the leading liquidity providers in the crypto space just made it to the US securities markets legally. On August 6, Wintermute announced that its New York-based company, Wintermute USA LLC, had registered as a broker-dealer with the SEC and became a member of the Financial Industry Regulatory Authority (FINRA).

According to Wintermute, the authorization marks its “entry into U.S. regulated markets” and boosts its capacity to accommodate “institutional counterparties in the region.” This is an important milestone for a market maker that has over $10 billion in average daily trading activity across 60-plus centralized and decentralized platforms.

Rather than operating only in crypto-native markets, Wintermute will be able to operate in regulated markets widely used by Wall Street institutions.

What the registration lets Wintermute do

The license restricts the use to proprietary trading. Wintermute USA will be able to act as principal and provide liquidity in over-the-counter transactions involving US equities, options, and any other security-based instrument while trading for its own account. It may also engage in self-clearing transactions involving securities using digital assets that exist in its portfolio.

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