Wintermute, one of the top algorithmic trading firms and OTC desks in cryptocurrency, has registered as a broker-dealer with FINRA and the SEC in the United States. This registration allows its U.S. entity to legally engage in traditional securities activities, including market making. Wintermute will become an Authorized Participant for exchange-traded products, including crypto ETFs, which will enhance market liquidity and support institutional trading. Meanwhile, spot Bitcoin ETFs have recorded net inflows of over $381 million in August, the best monthly start since April.
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