Citadel Wants into Crypto, But Robinhood Baggage Builds Distrust
Citadel Securities is one of the world’s largest market makers and is planning to jump into the cryptocurrency space. The company plans to become the leading liquidity provider in the industry and cooperate with leading exchanges.
However, due to the magazine’s manipulation in GameStop Short Squeeze, the ranking traders are very disliked about the castle. As this develops, it can become a major rift between factions in different industry.
Will the castle change the encryption?
Citadel Securities is a U.S. market maker with over $62 billion in AUM (assets managed) and has been following the cryptocurrency market for several years. it Potential ETF gain has been observed consistently Since 2022 Become a major institutional investor After approval.
Now, according to the new Bloomberg ReportThe company hopes to become a liquidity provider for the cryptocurrency space.
Castles are trying to play an obvious role in cryptocurrencies for several reasons, among which A favorable regulatory environment. Since Trump became president, a wave of Pro-Crypto Energy has swept the federal government and the company is planning to take advantage of it.
According to anonymous sources, the castle hopes to get approval for the large exchange first.
But not everyone is happy about it. Castle CEO Ken Griffin plays a big role in the robbery in the 2021 GameStop stock squeeze Restrict user transactions.
robbery, A major stock trading applicationdue to the majority of the revenue processing of the castle, Griffin’s requirements were defaulted. one SEC’s investigation into Robinhood was deleted todaycontributing to suspicion.
Ken Griffin and Castle Securities will become liquidity providers for cryptocurrencies. Citadel is so openly corrupt in the stock market that even mainstream media say the SEC is afraid of them. Something might be wrong! ” claim Wall Street Ape
After the largest crypto exchange approved the castle, the company hopes to build a marketing team outside the United States. fortress Start laying the foundation Expansion in Southeast Asia in 2023 and Try to build a regional stock market Last year in the United States.
In other words, if Citadel becomes a liquidity provider’s dream, Citadel could have a truly revolutionary impact on the cryptocurrency market. However, this revolution may be detrimental to the community.
If ranking traders hate castles, will that affect the decision to communicate? Can enough capital simply overwhelm the attitude of the community? These are all crucial issues.
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