Encrypted market maker secures US stockbroker license
The door on Wall Street has cracked open again
Wintermute has received SEC approval, officially becoming a US broker-dealer that can trade US stocks and options, and also supports ETFs
One step from crypto market maker to the table of traditional finance
Where does the weight of this matter lie
In the past, there was a wall between crypto firms and Wall Street—you play your coins, I trade my stocks
Now Wintermute is standing on both sides: it can provide liquidity to crypto exchanges, and also do market making in the US stock market, while laying groundwork for ETFs
With a two-way channel opened, the room for arbitrage and risk-control operations is maximized—more tangible than any slogan
Don’t underestimate this license. The SEC issued it itself
What does that mean? It means the regulator’s attitude toward crypto companies is really changing
As long as you apply in a compliant, straightforward way, you still get the license
In recent years, the crypto industry and the SEC fought tooth and nail
Now the whole vibe has shifted—official troops are starting to hand out passports
My take: Capital always votes with its feet
What institutions want isn’t support in words; it’s lawful pathways
Wintermute’s move is a big step, and chances are a line of market makers will follow
The integration of crypto and traditional finance is already accelerating
Go one layer deeper: When a market maker gets a broker-dealer license, liquidity can flow both ways
Orders for US stock ETFs may directly be hedged using crypto assets
And crypto market depth could also be thickened by Wall Street capital—good news for the industry’s overall pricing efficiency
Of course, there’s another side to the coin: competition
In the past, crypto market makers could make a living as long as they understood the crypto world
In the future, they’ll have to compete for territory with Wall Street veterans
Without real skills, just running fast won’t be enough
Let’s do an interactive question: Who do you think will be the next crypto company to obtain a broker-dealer license—an exchange, or another market maker? Place your bet in the comments
Click the avatar to watch the live stream
Every day, I’ll help you follow crypto compliance hot topics—not just reporting what happens, but helping you understand the logic and opportunities behind it 👉🦖
#加密合规 #Wintermute