Wintermute USA LLC secured SEC broker-dealer registration and FINRA membership, clearing a major regulatory hurdle to serve as an authorized participant for digital asset exchange-traded products. This status allows the firm to trade equities and equity options for its own account, provide liquidity to exchanges and over-the-counter markets, and act as an authorized participant for ETFs. Wintermute processes over $10 billion in average daily trading volume across more than 60 centralized and decentralized exchanges. The firm has not yet announced an ETF issuer appointment nor disclosed DTC and distributor agreements, leaving an official issuer appointment as the next concrete signal of its expansion into the ETF ecosystem.
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