Wintermute Completes U.S. Broker-Dealer Registration, Expands into Traditional Securities Market Making Sector

According to WSJ reports, Wintermute's US subsidiary has registered as a broker-dealer, marking the crypto trading company's formal entry into the regulated US financial market. This registration qualifies it to apply to become a designated market maker for stock exchanges such as the New York Stock Exchange and Nasdaq, providing a foundation for its expansion into the traditional financial services sector. The report noted that Wintermute is competing with large market-making firms such as Jane Street Capital and Citadel Securities.