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The Daily Hodl 2025-02-26 19:45:37

Ken Griffin’s Citadel Securities Planning To Launch Crypto Services: Report

The capital markets firm Citadel Securities is reportedly planning on diving into the crypto sector. Bloomberg, citing “people familiar with the matter,” reports that the market maker aims to serve as a liquidity provider for crypto assets. Citadel Securities reportedly wants to become a market maker on a number of high-profile exchanges like Binance, Coinbase and Crypto.com, and the firm plans to initially establish international market-making teams. The firm gained confidence from President Donald Trump’s vocal support of crypto, per Bloomberg’s sources. Billionaire hedge fund manager Ken Griffin founded both Citadel Securities and the investment giant Citadel, a separate entity. He currently serves as chief executive of Citadel and non-executive chairman of Citadel Securities. In 2023, Citadel Securities joined other financial giants like Fidelity and Charles Schwab in backing the crypto exchange EDX Markets, which exclusively caters to institutional investors. The market-making firm has also backed Hidden Road Partners, a startup prime brokerage focused on digital assets. Last month, Trump signed an executive order to evaluate the creation of a strategic national Bitcoin ( BTC ) and crypto stockpile. The order also calls for the government to “promote the development and growth of lawful and legitimate” dollar-pegged stablecoins created in the private sector. The administration’s new leadership at the U.S. Securities and Exchange Commission (SEC) also rescinded Staff Accounting Bulletin 121, a controversial rule that forced banks to identify crypto assets held on behalf of their customers as liabilities on their balance sheets. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Ken Griffin’s Citadel Securities Planning To Launch Crypto Services: Report appeared first on The Daily Hodl .

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