As the traditional finance and crypto trading worlds continue to converge, digital assets trading platform operator Crypto.com has announced that the company has agreed to a strategic $400 million investment from market maker Citadel Securities, valuing Crypto.com at $20 billion. (Meaning, that Citadel is taking a 2% stake in Crypto.com).
The milestone marks the first institutional funding round in Crypto.com’s decade-long history.
Similar move by Kraken
The move by Crypto.com comes after Payward Inc, parent company of its rival Kraken, recently received a $200 million investment from financial exchanges operator Deutsche Börse Group.
Citadel Securities’ investment comes as the industry is…
