Wintermute, a major crypto market maker, has cleared a key regulatory hurdle that could allow it to serve as an authorized participant for digital asset exchange-traded products in the US.
On Aug. 6, the firm announced that its subsidiary, Wintermute USA LLC, is now registered as a broker-dealer with the Securities and Exchange Commission (SEC) and has gained membership with the Financial Industry Regulatory Authority (FINRA).
Wintermute facilitates over $10 billion in average daily trading volume and provides liquidity across more than 60 centralized and decentralized exchanges globally.
Evgeny Gaevoy, Founder and CEO of Wintermute, commented on the development.
For more details, see the original report at CryptoSlate.
