Citadel Securities Eyes Crypto Trading After Trump’s Support; Major Exchanges In Sight
Citadel Securities, one of the largest market makers in finance, is boldly entering the cryptocurrency space. Led by Ken Griffin, the company bets on President Trump’s support to drive the digital asset boom and plans to become a key player in the market.
Castle plans to join major crypto exchanges
This marked the early cautious approach of Citadel Securities to turn into cryptocurrency. The company’s limited participation in crypto trading avoids exchanges among retail investors that are popular due to unclear U.S. regulations. Now, it aims to be the latest report from major exchanges such as Coinbase, Binance and Crypto.com as market makers Bloomberg.
Once the exchange is obtained, Citadel plans to build a marketing team outside the United States. Citadel has avoided the major cryptocurrency that retailers often make to do. FTX’s collapse in 2022 has raised concerns about conflicts of interest and conflicts of fund manipulation due to a lack of separation between custody, marketing and transactions. The company has partnered with companies like Charles Schwab and Fidelity to launch the EDX market, an exchange of institutional crypto transactions.
Trump’s crypto pushes sparks to change regulatory changes
Citadel Securities, together with other financial companies, advocates clear regulations to guide institutions in investing in digital assets. Once the U.S. has established a regulatory framework, the company aims to provide liquidity and trade digital assets like traditional asset classes.
Under the Trump administration, the financial industry is preparing for more digital asset activities. Trump’s efforts to make the United States “the crypto capital of the earth” have sparked efforts, including executive orders on digital assets and the SEC’s efforts to launch the crypto committee task force.
Castle has grown into a global trade giant, active in the stock, bond and ETF markets. However, unlike peers like Jane Street and Jump Crypto, Citadel avoids cryptocurrency marketing. Companies like Jump and Jane Street have shrunk U.S. cryptocurrency activity during regulatory crackdowns, but they have been trading overseas.
