Citadel Securities, a financial giant managing $ 64 billion in assets, takes a big step in cryptocurrency. With Trump openly supports digital assets And its millennial plan to create American cryptographic capital, more companies are considering this billion dollars industry. In accordance with current trends, Citadel has announced its global plan to provide Crypto trading services and act as a supplier of liquidity, guaranteeing smooth exchanges on the main platforms such as Coinbase, Binance and Crypto.com. This marks a passage from the previous one of the citadel careful position on digital assets.
Why Citadel now between crypto now
Citadel’s decision comes as the US government shows growing support for the integration of cryptocurrencies into the financial system. With lighter regulations and increased institutional interests, traditional financial companies like Citadel see an opportunity to develop in digital assets.
At first, Citadel will establish crypto commercial operations outside the United States, as reported by Bloomberg. This strategy allows the company to test waters in the global markets while keeping an eye on regulatory developments in the United States
Bring stability to cryptographic trading
As one of the greatest decision -makers in traditional finance, Citadel plays a key role in maintaining stable markets by providing liquidity. Now the company aims to do the same for the crypto. By offering large-scale liquidity, the citadel can help reduce volatility and improve the overall market efficiency, which makes cryptocurrency exchanges more attractive to institutional investors. Earlier, they avoided providing such services to large companies to avoid regulations, the FTX disaster made them refrain from activities such as changes in companies mixing with customer funds.
Directed by Ken Griffin, Citadel has already shown his interest in the crypto. In 2023, the company joined forces with financial giants Charles Schwab and Fidelity Investments to launch Edx Markets, an crypto exchange designed for institutional investors. In addition, EDX was designed to function as traditional financial markets, mainly to provide a secure and regulated large-scale trading platform.
According to reports, Citadel Securities also worked with Terraform Labs before its collapse. After the Stablecoin de Terra crushed in 2022, Do Kwon accused Citadel of having caused it, but Citadel denied participation, saying that she had only made two small test transactions. The Terraform trial has not gone anywhere.
Before that, Sequoia and Paradigm invested $ 1.15 billion in a citadel. Founded by Ken Griffin, Citadel manages $ 63 billion, while Citadel Securities serves the main global financial institutions.
What it means for the cryptography market
The entry of Citadel into the crypto is a strong signal that digital assets are part of consumer finance. With a large Wall Street company that is currently actively participating, cryptocurrency markets can see increased stability, more institutional investment and greater legitimacy.
While Citadel expands its cryptographic operations, means a positive change in a negative and restrictive environment that crypto is in finance. This decision also underlines how traditional finance and cryptocurrency are becoming more and more interconnected, paving the way for broader adoption in the future.