tags. We'll translate the text inside.
Let's go paragraph by paragraph.
First paragraph: "Wintermute, one of the largest crypto market makers, has received approval from the U.S. Securities and Exchange Commission to trade equities, ETF blocks, U.S. stocks and options, and to support ETFs. The move lets the firm apply its algorithmic trading expertise beyond digital assets and into the heart of traditional markets."
Translation: "Wintermute، یکی از بزرگترین بازارسازان کریپتو، تأییدیه کمیسیون بورس و اوراق بهادار ایالات متحده را برای معامله سهام، بلوکهای ETF، سهام و آپشنهای آمریکایی و پشتیبانی از ETFها دریافت کرده است. این اقدام به شرکت اجازه میدهد تخصص معاملات الگوریتمی خود را فراتر از داراییهای دیجیتال و به قلب بازارهای سنتی ببرد."
We need to be careful: "U.S. Securities and Exchange Commission" is "کمیسیون بورس و اوراق بهادار ایالات متحده" but we can also keep "SEC" as it's used later. But the requirement says keep proper nouns, so we can keep "SEC" but here it's spelled out. We'll translate it fully but also mention "SEC" in parentheses? Actually, the original says "U.S. Securities and Exchange Commission" so we should translate that. But later they use "SEC" so we can use "SEC" after first mention. But for consistency, we can translate the full name and then use "SEC" later. However, the requirement says keep proper nouns in original form, so we might keep "SEC" as is. But the full name is a proper noun? It's a government agency, so we can translate it. I think it's fine to translate the full name and then use "SEC" as an abbreviation. But to be safe, we can keep "SEC" as is. Actually, the instruction: "Keep proper nouns (names, company names) in original form" - "SEC" is an acronym, not a name? It's a proper noun. We can keep "SEC" as is. But the full name is also a proper noun. I'll translate the full name but also mention "SEC" in parentheses? Or just use "SEC" throughout. Since the original uses "SEC" later, we can use "SEC" in the first mention as well. But the original says "U.S. Securities and Exchange Commission" so we should translate that. I'll translate it as "کمیسیون بورس و اوراق بهادار ایالات متحده" and then later use "SEC" as is. But to avoid confusion, we can keep "SEC" as is. Actually, the requirement says "Keep proper nouns (names, company names) in original form" - "SEC" is an acronym, but it's a proper noun. I think we can keep "SEC" as is. But the full name is also a proper noun. I'll translate the full name and then use "SEC" later. But to be consistent, I'll use "SEC" throughout. Let's see: The original first paragraph says "U.S. Securities and Exchange Commission" and later says "SEC". So we can translate the first as "کمیسیون بورس و اوراق بهادار ایالات متحده" and then later use "SEC". But the requirement says keep proper nouns, so we can keep "SEC" as is. I'll do that: translate the full name but also mention "SEC" in parentheses? Actually, it's fine to translate the full name and then use "SEC" as an abbreviation. I'll do: "تأییدیه کمیسیون بورس و اوراق بهادار ایالات متحده (SEC)" but that might be redundant. Alternatively, we can just say "تأییدیه SEC" since it's known. But the original spells it out, so we should translate it. I'll translate the full name and then use "SEC" later. Let's do: "Wintermute، یکی از بزرگترین بازارسازان کریپتو، تأییدیه کمیسیون بورس و اوراق بهادار ایالات متحده را برای معامله سهام، بلوکهای ETF، سهام و آپشنهای آمریکایی و پشتیبانی از ETFها دریافت کرده است." That's fine.
Now the second paragraph: "The approval is broad. Wintermute can now trade individual stocks, handle block trades for ETFs, write options, and provide support for exchange-traded funds. That's a meaningful expansion for a company best known for quoting prices and providing liquidity in crypto markets."
Translation: "این تأییدیه گسترده است. Wintermute اکنون میتواند سهام انفرادی معامله کند، معاملات بلوکی برای ETFها انجام دهد، آپشن بنویسد و از صندوقهای قابل معامله در بورس پشتیبانی کند. این یک گسترش معنادار برای شرکتی است که بیشتر به خاطر قیمتگذاری و تأمین نقدینگی در بازارهای کریپتو شناخته میشود."
We need to translate "block trades" as "معاملات بلوکی" (block trades). "write options" -> "آپشن بنویسد" (write options) or "اختیار معامله بنویسد" but "آپشن" is common. "exchange-traded funds" -> "صندوقهای قابل معامله در بورس" or "ETF" is used, but we can say "صندوقهای ETF" but we already have ETF. We'll use "ETF" as is. Actually, we can keep "ETF" as is. So: "پشتیبانی از صندوقهای ETF" but we already have "ETF" in the first paragraph. We'll use "ETF" as is.
Third paragraph: "For Wintermute, the approval doesn't just add new instruments. It places the firm in a regulatory framework that governs some of the most active trading venues in the world. The SEC's sign-off is the kind of license that lets a market maker operate across a wider range of products, potentially opening the door to new clients and revenue streams."
Translation: "برای Wintermute، این تأییدیه فقط ابزارهای جدید اضافه نمیکند. این شرکت را در چارچوب نظارتی قرار میدهد که بر برخی از فعالترین مکانهای معاملاتی جهان حاکم است. تأیید SEC نوعی مجوز است که به بازارساز اجازه میدهد در طیف وسیعتری از محصولات فعالیت کند و به طور بالقوه در را به روی مشتریان و جریانهای درآمدی جدید باز کند."
We need to translate "sign-off" as "تأیید" or "موافقت". "regulatory framework" -> "چارچوب نظارتی
