Citadel Securities Ventures into Crypto Trading
- Ken Griffin’s Citadel Securities plans to enter crypto trading, reversing previous skepticism.
- The firm aims to act as a market maker on platforms like Coinbase, Binance, and Crypto.com.
- Citadel processes $503 billion in daily trades, making up nearly 35% of U.S. stock trading volume.
- The move follows pro-crypto orders from Trump and Hester Peirce’s task force appointment.
- Citadel previously collaborated with Charles Schwab and Fidelity to launch EDX Markets in 2023.
Ken Griffin’s Citadel Securities is set to enter the cryptocurrency market as a major player, planning to serve as a market maker on leading exchanges. This marks a significant shift for the firm, which handles $503 billion in daily trades and accounts for a substantial portion of U.S. stock trading volume.
Source (2.6)https://decrypt.co/307571/citadel-securities-makes-a-play-for-crypto?rand=52368
