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Copper
2026-08-13 08:40:04

Copper's US Subsidiary Secures SEC Broker-Dealer License and FINRA Membership

Copper, the UK-based crypto custody firm, has obtained a broker-dealer license registered with the US Securities and Exchange Commission (SEC) and become a member of the Financial Industry Regulatory Authority (FINRA) through its American subsidiary. The license expands Copper's compliant footprint in the US, letting the firm offer institutional clients regulated crypto custody and trading services. Copper is headquartered in the UK and already holds related licenses there and in Switzerland.

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Copper's US Subsidiary Secures SEC Broker-Dealer License and FINRA Membership
Wintermute
2026-08-12 10:41:39

Wintermute Plans $1B Investment Over Five Years for High-Frequency Trading and AI Data Centers

Wintermute, a major crypto market maker, plans to invest roughly $1 billion over five years to build out high-frequency trading and AI data center infrastructure, according to Bloomberg. Founder and CEO Evgeny Gaevoy says the company aims to evolve into a comprehensive trading house similar to Jane Street or Citadel Securities, requiring heavy spending to compete with institutions that have honed their systems for decades. The investment, funded mainly from retained earnings, will target lower execution latency, advanced quantitative models, and expanded computing, storage and network capacity. Wintermute's daily trading volume has slipped to about $10 billion this year from $15 billion last year amid the crypto downturn. Non-crypto revenue currently makes up about 10% of the total, and the firm wants to push that past 50% by the end of 2027. It already trades ETFs and perpetual swaps linked to real-world assets, and launched prediction markets in early 2026. Last week, Wintermute's U.S. subsidiary registered as a broker-dealer, enabling stock and stock option trading and an authorized participant role for exchange-traded products. The company employs 17 people in New York, plans to double that next year, and expects global headcount to rise 40%.

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Wintermute Plans $1B Investment Over Five Years for High-Frequency Trading and AI Data Centers
Wintermute
2026-08-07 00:20:00

Wintermute Registers as SEC/FINRA Broker-Dealer, Plans Push Into Stocks and Commodities

Wintermute, the cryptocurrency market maker, has registered a broker-dealer subsidiary with the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), according to The Block. The registered entity marks a push beyond digital assets into traditional equities and commodities. The subsidiary can provide liquidity to US securities exchanges and over-the-counter counterparties, and it is allowed to trade stocks and options from its own account. Wintermute also said the company will be able to self-clear digital asset securities trades and serve as an authorized participant for exchange-traded products, including products related to digital assets. In the US framework, a broker-dealer is a company or individual registered with the SEC and FINRA that either executes trades for clients or deals in securities for its own account. As an authorized participant, the firm would help create and redeem large ETF shares by exchanging them for a basket of underlying securities or cash, a process that keeps a fund's market price aligned with its net asset value. The registration puts a crypto-native market maker into a regulated corner of US capital markets infrastructure.

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Wintermute Registers as SEC/FINRA Broker-Dealer, Plans Push Into Stocks and Commodities