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Crypto News

Wintermute wins U.S. broker-dealer registration, sets sights on tokenized equities

AI Market Summary
Wintermute's U.S. broker-dealer registration and FINRA membership strengthens a major crypto liquidity provider's access to regulated equities, options, and ETF/ETP market-making roles. This can deepen liquidity for crypto-linked ETPs and tighten integration between traditional market infrastructure and crypto trading firms. Longer-term optionality around tokenized equities is highlighted, but remains contingent on further regulatory permissions and exchange approvals.
Impact level
● Medium
Affected assets
BTC/USDT-1.12%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Wintermute said it has obtained U.S. broker-dealer status, placing it under SEC oversight and requiring compliance with FINRA rules on capital, supervision, recordkeeping and trading conduct. The firm has previously appeared as a trading counterparty in SEC filings for Fidelity’s Bitcoin and Ether products. Wintermute also said its global average daily trading volume exceeds $10 billion. In September 2025, the company sought guidance from the SEC on requirements for proprietary trading, self-custody and on-chain settlement of tokenized securities.
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