Wintermute, a leading algorithmic trading firm and OTC desk in digital assets, announced that its affiliate Wintermute USA LLC has registered as a broker-dealer with the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), marking a formal expansion into U.S. regulated markets.

The registration establishes Wintermute USA LLC as a regulated proprietary trading firm, providing liquidity to national securities exchanges and over-the-counter (OTC) counterparties. It enables the firm to trade traditional equities and equity options, act as an Authorized Participant (AP) for exchange-traded products (ETPs), including those tied to digital assets, solely for its own proprietary account, and self-clear digital asset securities transactions for its own account.  This approval marks a key milestone in Wintermute's institutional expansion across regulated U.S. markets, strategically positioning the firm for the emerging tokenized securities landscape.

"Our long-term conviction has always been that digital asset markets will evolve in more than one direction," said Evgeny Gaevoy, Founder and CEO of Wintermute. "Digital assets and traditional finance will continue to develop in parallel, intersect in new ways, and ultimately integrate more deeply. As the landscape evolves, the firms that succeed will be those that have technical and operational know-how to operate in both."

Globally, the Wintermute group facilitates over $10 billion in average daily trading volume and provides liquidity across more than 60 centralized and decentralized exchanges globally. The launch of Wintermute USA reflects broader changes in market structure as institutional trading activity increasingly spans asset classes, venues, and settlement rails.

Wintermute USA LLC is headquartered in New York and operates with a dedicated local team. The registration follows continued investment in the U.S. market alongside active engagement with regulators and policymakers on market structure and digital assetregulation.