- Wintermute secures broker-dealer license in the U.S., unlocking access to NYSE and Nasdaq.
- The company plans to expand into ETFs, commodities, and tokenized stocks.
- This move positions Wintermute as a formidable competitor among major market makers.
Wintermute Secures Broker-Dealer License in the U.S.
In a significant development for the crypto trading landscape, Wintermute has successfully registered as a broker-dealer in the United States. This pivotal move allows the company to operate on regulated stock exchanges like the New York Stock Exchange (NYSE) and Nasdaq. As reported by WSJ, Wintermute is set to broaden its horizons into traditional finance sectors.
Expanding Horizons in Traditional Finance
The newly acquired license enables Wintermute USA to aim for a designated market maker status on both NYSE and Nasdaq. Consequently, this places them under the scrutiny of regulatory bodies such as the SEC and FINRA. According to CEO Evgeny Gaevoy, Wintermute is poised to initiate trading in assets that bridge traditional finance with cryptocurrency. These include commodities and exchange-traded funds (ETFs) based on digital assets.
Moreover, Wintermute is eyeing opportunities with tokenized stocks once appropriate regulatory frameworks are established in the U.S. Gaevoy emphasizes that this strategic positioning prepares them for various future scenarios, enhancing their presence across centralized and decentralized exchanges.
Aiming for Market Leadership
Wintermute aims to rival major market makers by leveraging its new status. In 2025 alone, they facilitated a trading volume of $3.5 trillion, with current daily averages around $10 billion. The firm operates on over 60 trading platforms including CME and Uniswap. Collaborations are already underway with cryptocurrency ETF issuers as they seek to compete with industry giants such as Jane Street, Citadel Securities, and Jump Trading within three to five years.
This strategic expansion aligns with their history of providing liquidity across diverse markets. Notably, by May 2026, they began offering bilateral liquidity on prediction market platforms.
The acquisition of a broker-dealer license marks a transformative step for Wintermute’s operations within traditional financial markets while maintaining robust ties with crypto innovations. This maneuver not only opens new avenues but also solidifies their competitive edge against established players in both sectors.
