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Wintermute enters regulated Wall Street with a broker license
The move positions the digital trading firm to expand beyond crypto market making into traditional brokerage services.
WSJ Markets reports that Wintermute, a digital currency trading firm, has stepped into regulated Wall Street by obtaining a broker license.
The outlet characterizes the development as part of a broader push by digital currency firms into traditional finance services.
Wintermute’s entry is aimed at competing with major market makers, including Jane Street and Citadel, according to WSJ Markets.
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